Inflation relief felt largely at gas pumps; rising cost of food remains a struggle
CTV
Canada's headline inflation rate is coming down, but the relief being felt by consumers is largely centred around the gasoline pump.
Canada's headline inflation rate is coming down, but the relief being felt by consumers is largely centred around the gasoline pump.
The latest figures from Statistics Canada show annual inflation rose just 2.8 per cent in June 2023, slowing from 3.4 per cent in May.
That's a dramatic improvement from the 8.1 per cent peak Canadians suffered through last summer.
By comparison, Alberta's headline inflation is 1.9 per cent.
Offset by lower energy costs, it is one of the lowest rates in Canada.
Gasoline prices have declined nearly 22 per cent since last June, when global energy markets spiked in reaction to Russia's invasion of Ukraine.
But Canadians continue to pay substantially more for groceries, as prices rose 9.1 per cent in June compared to last year.
A developing low pressure skirting colder air in place across eastern parts of the country will bring snow, rain, and wind to the Maritimes on Thursday.
Toronto could see the first taste of winter weather this morning as a low-pressure system brings snow to the city on Wednesday morning.
Montreal's transit authority failed to properly consult with the public over its 'indefensible' plan to force an elderly couple out of their home to build a new ventilation station in Rosemont-La-Petite-Patrie, a commission was told Tuesday evening.
In the oldest Chinatown in the entire country sits Loy Sing, a business that holds the title of longest continually run Chinese business in North America. It has now been in operation for 136 years and counting.
The Provincial Auditor of Saskatchewan is recommending that the province improve its system of monitoring sales of farmland to foreign entities.
With seven months under their belt, Gather Local Market at River Landing continues to try new ideas to move their concept forward. The latest addition is helping small businesses get off the ground.
A Quebec man has been sentenced to prison after attempting to smuggle more than 1,000 forged documents into the country, including Canadian permanent resident cards and driver's licences.
An outspoken former Calgary bishop who was outspoken on several issues such as LGBTQ policy and school HPV vaccinations has died.
Revelations about a cheeky comment during a dinner meeting at president-elect Donald Trump's Mar-a-Lago resort between Trump and Prime Justin Minister Trudeau last week are creating waves.
The Waterloo Regional Police Service has issued a public plea after three youths fell through the ice at a Cambridge pond.
A man was severely injured Tuesday morning when he leaped onto a polar bear to protect his wife from being mauled in the Far North community of Fort Severn.