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Winter Chaos Looms as Southern Ontario Braces for Messy Storm

Southern Ontario is preparing for a disruptive mix of snow, rain, and ice as a potent winter storm moves into the region. Forecasters warn that the system will bring rapidly changing conditions, making travel difficult and potentially hazardous throughout its duration. The storm is expected to begin with accumulating snow, particularly in areas north and west of the GTA, before transitioning to freezing rain as warmer air pushes in aloft. This layer of ice could lead to slick roads, power line strain, and tree damage. Closer to Lake Ontario, the precipitation may shift to periods of cold rain, adding to the overall mess and reducing visibility. Commuters are being urged to plan ahead, allow extra time, and stay alert for updated weather statements. With the storm delivering a little bit of everything, residents across the region should be prepared for a challenging stretch of winter weather.
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Canada’s inflation rate rises in July, but food prices remain stable




According to the latest update from Statistics Canada, the country’s inflation rate accelerated in July 2023. The Consumer Price Index (CPI) rose 3.7% on a year-over-year basis in July, up from a 3.1% increase in June. The increase was mainly due to higher prices for shelter and transportation. However, food prices eased in July, with the food index rising 2.5% year over year compared with a 2.7% increase in June.

Inflation is an important economic indicator that measures the rate at which the general level of prices for goods and services is rising and, subsequently, purchasing power is falling. The rise in inflation can be attributed to various factors such as supply chain disruptions, higher demand for goods and services, and other economic factors. The easing of food prices in July is a positive sign for consumers as it means that they will have to spend less on food items than they did in June.



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