Search results
Results from the WOW.Com Content Network
That seasonal price impact could add another 30 cents per gallon, putting the total increase in gasoline prices at $1 per gallon if the tariffs remain in place at the onset of spring, Fitzgerald said.
The GST applies nationally. The HST includes the provincial portion of the sales tax but is administered by the Canada Revenue Agency (CRA) and is applied under the same legislation as the GST. The HST is in effect in Ontario, New Brunswick, Newfoundland and Labrador, Nova Scotia and Prince Edward Island.
First, the tax again affects the sellers. The quantity demanded at a given price remains unchanged and therefore the demand curve stays the same. Since the tax is a certain percentage of the price, with increasing price, the tax grows as well. The supply curve shifts upward but the new supply curve is not parallel to the original one.
Price gouging is a pejorative term for the practice of increasing the prices of goods, services, or commodities to a level much higher than is considered reasonable or fair by some. This commonly applies to price increases of basic necessities after natural disasters. Usually, this event occurs after a demand or supply shock.
Prices will also be raised in Canada, Portugal and Argentina. Netflix, which did not raise prices in 2024, told shareholders on Jan. 21 that revenue grew 16% last year, while it added more 19 ...
From 2003 to 2018, Canada saw an increase in home and property prices of up to 337% in some cities. [2] In 2016, the OECD warned that Canada's financial stability was at risk due to elevated housing prices, investment and household debt. [3] By 2018, home-owning costs were above 1990 levels when Canada saw its last housing bubble burst. [4]
Hulu has announced that it will increase subscription prices in October. This will impact all Hulu plans, including bundles. The streaming platform last hiked prices in October 2023.
Some economists have stated that during times of high inflation, consumers know prices are increasing but may not have a good understanding of what reasonable prices should be, allowing retailers to raise prices faster than the cost inflation they are experiencing, resulting in larger profits. [57] [60] [61] [63] [64]