Search results
Aug 28, 2021 · EDMONTON -. Across southern Ontario, drivers had to open their wallets a little wider Friday morning to fuel up after gas prices in most places rose by five cents per litre overnight and now sit ...
Feb 24, 2022 · The Bank of Canada has two tools at its disposal to maintain its target inflation rate. During an economic downturn, the bank can buy government bonds and other financial assets to drive up the ...
- Impact of Covid-19 on The CPI
- Energy
- Travel
- Clothing and Footwear
- Shelter
- Supply Shortages
- Impact of Base-Year Effects on 12-Month CPI Indicator
During the first year of the COVID-19 pandemic, record price movements were observed for a number of goods and services, particularly for energy products and travel services. Prices for traveller accommodation fell 19.6% over the 12 months ending in February 2021, while consumers paid 19.2% less for fuel oil and other fuels, and 14.9% less for gaso...
In the early months of the pandemic, Canadians paid significantly less for gasoline. Consumer prices at the pumps plummeted more than 30% between February and April of 2020, as a combination of lower demand and increased supply affected global oil prices. Around the world, demand for oil fell as industrial activity slowed, nonessential travel came ...
Consumer prices for traveller accommodation fell sharply following the onset of the COVID-19 pandemic, reaching the lowest level since 1987 and the largest year-over-year declines ever recorded. With the United States border closed to non-essential travel and physical distancing measures keeping Canadians close to home, prices fell most strongly at...
During the pandemic, prices for clothing and footwear recorded the largest year-over-year decline on record. With nonessential retail stores closed for a large part of the year, clothing sales fell significantly.Note In the early days of the pandemic, retailers discounted prices online to reduce inventories. Since then, clothing and footwear prices...
At the onset of the pandemic, interest rates fell to historically low levels to limit the deflationary impact of disruptions to financial and labour markets. Interest rates remained low throughout the first year of the pandemic and Canadians paid increasingly less in mortgage interest compared with the year before, as they renewed or initiated mort...
Consumer prices were also affected by various supply shortages during the pandemic, mostly in the short term. In the earliest days of the pandemic, demand rose sharply for a number of household goods, including household cleaning products, household paper supplies and various frozen and non-perishable foods.Note Prices temporarily rose in response ...
A base-year effect refers to the impact that price movements from 12 months ago have on the current month’s headline consumer inflation. When a large downward price change in the base month stops influencing—or falls out—of the 12-month price movement, this has an upward effect on the headline CPIin the current month (Chart 3). Conversely, a large ...
These lower costs can result in high-volume gas stations offering lower prices. Additional revenue sources. Gas stations with convenience stores can use profits from non-gas sales to subsidize the cost of wholesale gasoline (or diesel), allowing lower pump prices. Footnotes Footnote 1. Rack price is an industry term for the price that ...
May 24, 2022 · In the last year, gas prices have jumped by more than 50 per cent, pushing the cost of a litre to more than $2 in many parts of the country. At the same time, inflation — which is sitting at 6.8 ...
Annual wholesale trade, 2021. The operating revenue of Canadian wholesalers increased 20.0%, rising from $1.1 trillion in 2020 to $1.3 trillion in 2021. This increase was primarily due to the petroleum and petroleum products (+42.8%) and the building material and supplies (+30.7%) subsectors, which experienced substantial increases.
Jan 28, 2022 · The average price in Canada is $1.478 per litre, as listed on gas price tracker website GasBuddy. Experts say geopolitical tensions are behind the recent increases, and that 2022 will see even ...
