The cost of living continues to rise at the fastest pace in decades, with Canada’s official inflation rate rising at a 6.8 per cent annual pace in April, a new 31-year high.
Statistics Canada reported Wednesday that the cost of living crept higher mostly because of increases in the cost of food and shelter. Food prices have increased by 9.7 per cent in the past year, while shelter costs are up by 7.4 per cent.
Canadians love their cars so much that high fuel prices won’t make most of us change our ways
If you are expecting clear sailing on the highways this coming long weekend because soaring gas prices have forced all the other drivers — except you, of course — to leave their cars at home, you might want to think again.
Some motorists insist that $2-a-litre gasoline means they’ll drive a lot less, but people who study Canadians’ love affair with their cars are skeptical — and they have the research to back them up.
