Welcome to the Canadian National Multilingual News Group (CNMNG). This is a project made possible through funding by Canadian Heritage. CNMNG aims to gather news researched and written by a corps of Canadian-based journalists/writers from the country’s multilingual community groups. The overall goal is to inform, analyze and critique the issues of the day in a professional manner and to provide that to publishers and editors active in the ethnocultural-multilingual press and media whose experience provides them with a perspective that is sensitive to news relevant to their own language group.
TORONTO – After a year of continuous hikes, the “key” interest rate finally stops. In fact, today the Bank of Canada decided to keep it unchanged, while clarifying that it is still ready to raise rates further depending on how the intensity and the economy progress. In any case, for now the official rate of the Canadian central bank remains at 4.5%. →
TORONTO – Inflation continues to decline, albeit slightly (from 6.3% in December 2022 to 5.9% in January 2023), but the bull market in food shows no signs of slowing down. It was already known – just go shopping to find out – but now the numbers of the latest report by Statistics Canada confirm it: in January, the prices of food products recorded a year-on-year increase of 11.4%, compared to 11% the previous month. And since last August, the food inflation rate has been over 10%. →
TORONTO – More and more people in Ontario are turning to food banks, according to a new report by Feed Ontario, a collective of 1,200 food banks affiliated with other organizations addressing food insecurity. →
TORONTO – The number of people using food banks across Canada rose to all-time highs earlier this year, with high inflation and low welfare rates being cited by Food Banks Canada as key factors in the increase.
Prepping for the holidays means heading to the store to stock up on groceries. Based on provincial capacity limits, Ontario families could be entertaining up to 25 people in their homes this holiday season. With food prices on the rise, that grocery bill will be pricey. Heading into the new year, shoppers will be paying more to feed their families.
According to Canada’s Food Price Report 2022 (released December 9), an average family of four is expected to pay up to $14,767 for food in 2022. That represents an increase of about $966 from the total annual food cost in 2021, an overall increase between 5% and 7%. →
