Experts see parallels between 1970s inflation crisis and today

Experts see parallels between 1970s inflation crisis and today

Last month, the Bank of Canada raised its key interest rate target by half a percentage point to one per cent, prompting Canada's big commercial banks to raise their prime rates in return. (Photo by Roberto Nickson via Pexels) Last month, the Bank of Canada raised its key interest rate target by half a percentage point to one per cent, prompting Canada's big commercial banks to raise their prime rates in return. (Photo by Roberto Nickson via Pexels)

YOUR FINANCES

Is it time for a 'gas tax holiday' in Canada?

As fuel prices reach record highs and drive inflation, there have been growing calls for governments to temporarily suspend or reduce gas taxes. CTVNews.ca spoke with experts on whether a gas tax holiday makes sense in Canada.

Canada's inflation nears 40-year high as gas prices soar

Soaring gas prices helped the annual inflation rate in May soar to its highest level in nearly 40 years, as the rising cost of living for Canadians squeezed household budgets and bolstered expectations the Bank of Canada will opt for a supersized interest rate hike next month.

OPINION

OPINION | How much money do you need to live as a digital nomad?

With the world opening up, there’s been a renewed interest in travelling and working in different countries as a digital nomad. So how much money do you need to make it work abroad? Contributor Christopher Liew breaks it down in an exclusive column for CTVNews.ca.