Skip to main content

Business News | CTV News | Financial News Canada

Business

BNN Bloomberg RADIO

CURRENCY CONVERTER

YOUR FINANCES

OPINION

OPINION | Should you still be saving money with inflation at 7.7 per cent?

With inflation reaching a 40-year high, many Canadians have been left in a state of worry. Not only about the rising prices of consumer goods, but whether or not they should continue to save money. It’s not such a simple question, and it depends greatly on your circumstances, contributor Christopher Liew explains in an exclusive column for CTVNews.ca.

Piggy bank seen in this undated file photo. (Mikhail Nilov/Pexels)

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.

REAL ESTATE

BNN Bloomberg features

FILE - This Sept. 11, 2018, file photo, shows a marijuana plant at in the coastal mountain range of San Luis Obispo, Calif. New York Gov. Andrew Cuomo signed a bill Monday, July 29, 2019 that softens penalties for possessing small amounts of marijuana and allows for the expungement of some past convictions. (AP Photo/Richard Vogel, File)