Go to the Globe and Mail homepage

Jump to main navigationJump to main content


Ouch: How inflation is outpacing wages Add to ...

Subscribers Only

When market players look at inflation, they tend to ponder what it means for consumer spending and monetary policy.

Unions, on the other hand, look at how it hits your pocketbook. And on that score, it’s not looking good.

Annual inflation in Canada picked up in June to 2.4 per cent, according to the latest reading from Statistics Canada. Driven by higher food, shelter and transportation costs, that’s the fastest pace in 28 months, and up from May’s 2.3 per cent.

Report Typo/Error

Follow on Twitter: @michaelbabad

Next story




Most popular videos »

More from The Globe and Mail

Most popular