This week's Home Economics newsletter: 🦃 Thanksgiving dinner will be more expensive this year 💳 Businesses can now issue credit card processing fees 💰 Average hourly wages rise for fourth-straight month
You might do a double take at prices when heading to the grocery store for Thanksgiving supplies, with most traditional food items up over 10 per cent compared to a year ago. A report by the Dalhousie University’s Agri-Food Analytics Lab found potatoes increased the most in price, costing an average 22 per cent more this year.Businesses can now issue credit card processing fees. These changes are coming from a class-action lawsuit that was settled in 2018, where Visa Inc. and MasterCard Inc.
Canadians’ wages continue to rise amid a tight labour market. Statistics Canada reportedin September, compared to a year ago. This marked the fourth month in a row that wage growth climbed more than five per cent. The highest wage growth was in professional, scientific and technical services , followed by accommodation and food services .TD Bank’s Chief Economist Beata Caranci said risingin Canada, as housing affordability hits its worst level in decades.
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