Inflation spikes, the economic impact of Canada-India dispute and Alberta plans to leave CPP: Must-read business and investing stories

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Plus, what is the best place to retire in Canada, income-wise?

accelerated to 4 per cent in August

, up from 3.3 per cent in July and the highest since April. The increase, driven by rising gasoline and rent prices, raises the odds that the Bank of Canada could deliver at least one more interest rate increase this year. Mark Rendell reports that core inflation measures, which filter out volatile price movements to capture underlying trends, also increased markedly – a point of concern for the central bank.

at more General Motors and Stellantis facilities, despite making progress with Ford in contract talks.What’s the best place to retire in Canada? Well, your after-tax income independs on the strategy you choose in drawing income from different sources. It also depends on where you live. Figures calculated by Mygoals Inc. suggest, geographically, the numbers generally get better from east to west and also from south to north.

 

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