“Inflation is broadening because the Canadian economy is in excess demand. There aren’t enough goods and services to meet the demand we’re seeing as people enjoy a fully reopened economy,” Bank of Canada Governor Tiff Macklem said. “Employers can’t find enough workers and they’re increasing wages to attract and retain staff. With households spending robustly, businesses are passing on higher input and labour costs by raising prices.”

The Chamber recommends reaching out to your banker or mortgage expert to better understand the shifting landscape created by the Bank of Canada’s announcements.

Not surprisingly, the increased ability to make purchases online has become a habit with online shopping levels stabilizing after a surge in growth. The lesson for retailers is that customers want the best of both worlds — the convenience of buying online and the experience of shopping in-person.

Details are still emerging about what caused the outage and Rogers has so far promised to make sure the issue doesn’t happen again and credit customers for five-days of service.

The disruption prompted the federal government to call on all communications companies to create a plan to mitigate the impact of any future outages.