OTTAWA — Price wars between Canadian retailers and newer American arrivals could bring down inflation and interest rates, Bank of Canada governor Stephen Poloz has observed. But Wal-Mart Canada CEO Shelley Broader says that “There’s still more room to lower the cost of living,” even with prices plunging across departments. The retail crunch helped to push last year’s inflation to a 0.9% average, the lowest rate since the 2009 recession recovery, the Montreal Gazette reports.
Retail wars hitting inflation: governor
Most Recent
Most Read
GMS announces acquisition
Fri, May 17th, 2024
Castle announces 2024/25 Trade Scholarship program
Fri, May 17th, 2024
Retail theft is a growing concern—but so is consumer backlash
Fri, May 17th, 2024
Construction spending up in March
Fri, May 17th, 2024
Walmart reports strong Q1
Thu, May 16th, 2024
Throwback Thursday: Ten years ago, we reported on RONA’s new focus on independents
Thu, May 16th, 2024
Nominations open for 2024 Outstanding Retailer Awards
Thu, May 16th, 2024
Walmart extends use of drones for home delivery
Wed, May 15th, 2024
Cologne trade show company partners to expand in Middle East
Wed, May 15th, 2024
Lafarge pilots recycled-cement production
Wed, May 15th, 2024