Grocery CEOs meet with ministers, agree to work to stabilize food prices

Top executives from Canada's major grocery chains met with two federal cabinet ministers on Monday for "difficult discussions" to talk about measures to stabilize grocery prices.

Finance Minister Chrystia Freeland and Industry Minister François-Philippe Champagne met with executives from Loblaw, Metro, Empire, Walmart and Costco this morning.

"They have agreed to support the government of Canada in our efforts to stabilize food prices in Canada," Champagne said. 

Housing crisis: Feds stick by immigration plan, rethink international student flows

The alarm bells are becoming bull horns: Canada's housing supply isn't keeping up with the rapid rate of population growth.

Academics, commercial banks and policy thinkers have all been warning the federal government that the pace of population growth, facilitated by immigration, is making the housing crisis worse.

StatCan report casts clouds on claims of a widespread labour shortage in Canada

A new report is casting doubt on the idea that Canada is facing a widespread labour shortage and bolsters the arguments by some labour economists that high job vacancies aren't due to a shortage of workers.

The Statistics Canada analysis finds there are no labour shortages for jobs that require high levels of education, suggesting other factors, such as a mismatch in skills and pay, might be to blame for a high number of empty positions.

Trudeau asserts continued support for Ukraine as G7 summit featuring Zelenskyy ends

Prime Minister Justin Trudeau sent a forceful rebuke of Russia at the conclusion of the G7 Leaders' Summit, which was taken over by the arrival of Ukrainian President Volodymyr Zelenskyy, who hoped to shore up more support for his country. 

The support of allies has been crucial to Ukraine's survival amid a Russian invasion, and countries pushing for a ceasefire must recognize Russia is squarely to blame, Trudeau said Sunday in Hiroshima, Japan. 

Thousands of Canadians missed out on federal housing and dental benefits: report

A new report says hundreds of thousands of Canadians may have missed out on government money intended to help with the rising cost of living because the housing and dental benefits rolled out last year have had "atrocious" take-up. 

The analysis by David Macdonald, senior economist at the Canadian Centre for Policy Alternatives, assesses both benefits, as well as how much the federal government has actually spent on the measures. 

Inflation is easing but Ottawa faces pressure to help those who have fallen behind

Canada's inflation rate likely took another dip last month, but with many Canadians still struggling with the cost of living, the federal government is facing pressure to deliver more help in the upcoming budget.

Statistics Canada is set to release its February consumer price index report on Tuesday, giving its most up-to-date reading on inflation ahead of the federal government's budget on March 28. 

Desjardins and RBC are both forecasting the inflation rate fell to 5.4 per cent last month, down from 5.9 per cent in January.

Here's what you need to know to get a head start on filing your 2022 taxes

The Canada Revenue Agency kicked off its tax season this week by urging Canadians to file their taxes on time — and reminding them that they may be owed money.

The filing deadline of April 30 falls on a Sunday this year, so Canadians have until May 1 to finish filing their taxes. But a looming strike for CRA workers may be on the horizon.

Here's a look at what you need to know, and at some of the new benefits you may qualify for this year. 

It's faster to file taxes online

How much Canadians have fallen behind amid high inflation and who's hurting the most

Inflation has eroded purchasing power for many Canadians, but the experience with rapidly rising prices has been far from uniform. 

While the inflation rate shows how quickly prices are rising, other factors like income and consumption patterns can make it harder or easier for people to cope. 

Here's a look at how high inflation is right now, who's feeling the pinch, and when Canadians can expect inflation to come down.

How high is inflation?

Oilsands execs say they can't invest in decarbonization any faster, despite profits

Oilsands executives insist they are all in on cutting emissions and will make big investments in green technology, but they maintain there isn't a place to invest that money yet.

Many companies are coming off a year of windfall profits not because they pumped out more product, but because the war in Ukraine and global supply chain crunches pushed world oil prices way up.

Environment Minister Steven Guilbeault has said repeatedly over the last year that the companies need to prove their commitment by putting some of that cold hard cash into climate initiatives.

As parents celebrate lower child-care fees, will provinces keep up with demand?

Nour Alideeb and her partner are trying to decide what to do with the hundreds of dollars they're now saving on child care for their two-year-old son.

Parents are seeing their child-care fees reduced by 50 per cent, on average, as part of the federal government's early learning and childcare agreements with provinces and territories. 

For Alideeb and her family in Mississauga, Ont., that means about $700 in savings each month.