Page 3 - Rob Roach News Today

The number of people moving to Alberta is outpacing those who are leaving by a margin not seen in nearly eight years and some new residents are celebrating their choice to move.

Statistics Canada figures show the largest net gain for the province since the second quarter of 2014, says ATB Financial.

The inflation rate continued to cool in August, according to new data from Statistics Canada, but still sits well above the Bank of Canadas two per cent target.

The Bank of Canada raised its benchmark interest rate again Wednesday by 75 points, bringing the base cost of most lending to 3.25 per cent.

A new survey finds one in four business operators — and almost the same number of Albertans overall — list inflation as their top issue.

While Canada and Albertas inflation rates have dropped from a record-high peak seen in June, not all consumer prices are falling with it.

Daily crude oil production in Alberta has increased in 2022 amid high demand and high price environment, according to economists.

Canadas inflation rate for June hit a 40-year-high and Calgary businesses are grappling with increased costs as a result.

Interest rates will be likely heading for another sharp increase later this month and that can be more bad news for people looking to get a mortgage or refinance an existing one.

Since last July, more Canadians have relocated to Alberta from other provinces than have left, including 5,351 residents between January and March