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 – Inflation at levels never seen in thirty years. And skyrocketing prices. This is what emerges from the latest Statistics Canada report, published today. In January 2022, Canadian inflation surpassed 5% for the first time since September 1991, rising 5.1% year-on-year and further up from the already substantial 4.8% surge recorded just two months ago, in December 2021. →
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%. →
The holiday shopping season is in full swing. This year’s outlook is forecasted to be better than last year, according to Deloitte Canada. The accounting organization that specializes in professional services like audit, consulting and financial advisory suggests shoppers are likely to spend an estimated average of $1,841 this holiday season, an increase of 31%, compared to the $1,405 spent last year.
With over 75% of eligible Canadians fully vaccinated against Covid-19 combined with heightened consumer confidence, it’s understandable that more people are likely to venture out this year to celebrate and spend more doing so. Yet, not all appears to be positive.
TORONTO – House prices in Toronto are rising again. On an annual basis, the increase is almost 20% according to the analysis of TRREB, Toronto Regional Real Estate Board. Reason: Prospective homebuyers in the Greater Toronto Area found significantly fewer homes on the market last month than they did a year ago, thereby driving down sales and, consequently, raising the prices of the few properties available. →
Your next trip to the supermarket may find you spending more than what you used to spend for your grocery needs. As the cost of living increases, nearly everything goes up in price, including the cost of food.
It may be more challenging for households to manage their food budget. For instance, Statistics Canada reported the cost of food grew 2.7% in August, up from the same time last year. →
