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Wholesale Price Index (WPI) WPI first published in 1902, and was one of the more economic indicators available to policy makers until it was replaced by most developed countries by the Consumer Price Index in the 1970s. WPI is the index that is used to measure the change in the average price level of goods traded in wholesale market.
A CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically. Sub-indices and sub-sub-indices can be computed for different categories and sub-categories of goods and services, which are combined to produce the overall index with weights reflecting their shares in the total of the consumer expenditures covered by the ...
In 2024, Canada's federal government spending reached unprecedented levels, with the Trudeau government's spending patterns marking significant records in the economic history of Canada. Between 2018 and 2024, the administration recorded the seven highest years of per-person spending in Canada's history. By 2024, inflation-adjusted spending per ...
The minimum wage was lifted to $12.75 on April 1, 2022, and there was an additional increase of $1.00 on October 1, 2022. [13] Newfoundland and Labrador: 15.60 April 1, 2024 Expected indexation based on formula: $16.00 on April 1, 2025 Each April 1 (resumed in 2024), based on Canada CPI for the previous calendar year. [14]
In 2024 the population of Canada was estimated to be 40,784,365 (Q1, 2024) [1] compared to 36,991,981 in 2021 [2] while the population of the United States was estimated to 339,268,209 in Q1 2024, [3] more than eight times larger than Canada. The United States GDP was $24.8 trillion in 2021. [4]
The 12th edition of Canada's Food Price Report 2022 included research by four universities, Dalhousie University, the University of Guelph, the University of Saskatchewan and the University of British Columbia. [22] [23] Predictions include an increase in total food prices between 5% and 7% with the highest increases in dairy products and ...
According to the Bank of Canada announcement, in the first quarter of 2015, the total Consumer price index (CPI) inflation was about 1 per cent. This reflects "year-over-year price declines for consumer energy products". Core inflation in the first quarter of 2015 was about 2 per cent with an underlying trend in inflation at about 1.5 to 1.7 ...
November 19 – Elizabeth May wins the 2022 Green Party of Canada leadership election, becoming the leader of the Green Party again since resigning in 2019. [ 45 ] [ 46 ] November 20 – The 109th Grey Cup Game in Regina, Saskatchewan , was won by the Toronto Argonauts , 24–23, against two-time defending champion Winnipeg Blue Bombers .