A combination of Christmas sales and falling gasoline and food prices contributed to one of the biggest one-month drop in consumer prices in years in December, Statistics Canada said Friday. The 0.6 per cent overall decline in prices from November slashed the annual inflation rate by a similar amount to 2.3 per cent. The one-month decline was the steepest since the summer of 2009, when the country was in recession….
Canada’s inflation rate rose to 3.2 per cent in the 12 months ended in September, pushed higher by price hikes for gasoline and food. Statistics Canada reported Friday that prices for food rose 4.3 per cent in the past year, while energy prices advanced 12.5 per cent. Those factors were the major contributors to the overall inflation increase. Economists polled by Thomson Reuters had been expecting the rate to come…
You know that an essential part of your financial health is having an emergency fund of some sort. Creating an emergency savings plan to help you through difficult times is important. Your emergency fund can help you make housing payments, buy food and pay for utilities. If you want true financial freedom, you have to have an emergency fund. Before you set up your emergency fund, though, consider the following:…