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Canada’s Inflation Steady, Grocery Costs Surge to Two-Year High

Grocery prices have trended mostly upwards this year, say economists at RBC, "consistent with rising agricultural commodity prices over the first half of 2025."  Canada’s annual inflation rate remained unchanged at 2.2% in November , signaling stability in overall consumer prices. However, beneath the headline figure, households are feeling the pinch at the checkout counter. Grocery prices recorded their sharpest increase in nearly two years , driven by higher costs for fresh produce, meat, and dairy. Economists note that while energy and housing costs showed little movement, food inflation is becoming a key pressure point for families. Rising global commodity prices and supply chain challenges have contributed to the uptick, leaving many Canadians adjusting their budgets to accommodate more expensive essentials. The Bank of Canada is expected to monitor these trends closely, as persistent food inflation could influence future monetary policy decisions. For now, the steady...
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Wall Street in Retreat Amid Record-Setting Run

 


The stock market is currently experiencing a record-setting run, but today, Wall Street is in retreat. The Dow Jones Industrial Average fell 0.5%, the S&P 500 dropped 0.4%, and the Nasdaq Composite lost 0.3%. The decline is attributed to concerns over the Federal Reserve’s decision to raise interest rates.

The Fed has been raising rates to combat inflation, but this has led to a slowdown in economic growth. Investors are also worried about the ongoing trade war between the US and China. Despite the current dip, the stock market is still up significantly for the year.

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