Home Economics: Canadians might get some grocery bill relief; RBC sees home prices falling 14%

Home Economics newsletter: Canadians might get some grocery bill relief; RBC sees home prices falling 14%; most Canadians prefer to work from home; here's what you need to know about credit card surcharges

Canada’s housing markets haven’t bottomed yet, according to RBC Assistant Chief Economist Robert Hogue, who said in a report this week he thinks home prices will continue to fall as the Bank of Canada increases the cost of borrowing. He thinks prices could fall about 14 per cent from the recent peak nationwide.

Canadians might finally get some relief at the grocery store

The parent company of Sobeys said it’s seeing some encouraging signs that cost increases from food manufacturers have started to stabilize. Empire Co. Chief Executive Officer Michael Medline said “while too early to definitively say that inflation has peaked,” the number and rate of food-price increases are declining.