Prices up nearly 29% year-over-year for edible fats and oils; air transport up 6.4% month-over-month
Investors fear the Federal Reserve will mirror the full percentage point hike in two weeks
Prices in Q4 will still be up 5% year over year but not up 15% as was expected in April
The central bank now forecasts that inflation will remain at 8% over the next few months
Nearly half of respondents are reining in spending on travelling, dining out and entertainment
The loss in jobs was driven by a decline in self-employment, according to Statistics Canada
Clients who recently bought with variable rate mortgages could face significant monthly bill hikes
However, businesses' longer-term expectations for inflation remain stable between 2% and 3%
Those who owe more than 65% of the loan value will have to pay a portion toward the loan principal
The agency released its first report on Canada's overall tax gap
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