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Thanksgiving Dinner Costs 10% More. So Why Is Grocery Inflation Only 2.8%?

  Thanksgiving is tomorrow, and if you're still planning the grocery run, the numbers are not in your favour. Dalhousie University's Agri-Food Analytics Lab prices a turkey dinner for four at $35.72 this year, up 10% from $32.48 in 2025. Here's the catch: Statistics Canada says grocery prices rose just 2.8% in August, and that was the first time in more than two years that food inflation came in below the overall rate (3.0%). So why does the holiday table feel so much pricier than the grocery aisle overall? The turkey is doing most of the damage Dalhousie's basket covers a 7-lb whole turkey plus potatoes, carrots, dinner rolls, pumpkin pie, cranberries, stuffing and gravy. Here's how the pieces moved: Item (dinner for four) 2025 2026 Change Turkey dinner, total $32.48 $35.72 +10.0% The turkey itself (7 lb) $10.43 $12.53 +20.1% Everything else (sides, pie) $22.05 $23.19 +5.2% Ham dinner, total $34.87 $36.37 +4.3% Source: Dalhousie Agri-Food Analytics Lab (totals, t...
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US Futures Edge Up as Investors Await Earnings and Fed Meeting

 

US stock futures nudged higher today as investors brace for a busy week of corporate earnings and the kickoff of the Federal Reserve’s policy meeting. Futures on the S&P 500, Dow Jones Industrial Average, and Nasdaq 100 all rose by approximately 0.2% in pre-market trading.

This week is pivotal for the markets, with major companies like Microsoft, Apple, Amazon, and Meta set to report their quarterly earnings. Investors are particularly keen to see if the substantial investments in artificial intelligence by these tech giants are beginning to yield returns.

In addition to earnings, the Federal Reserve’s policy meeting, starting today, is in sharp focus. While no change in interest rates is expected, the meeting could lay the groundwork for a potential rate cut in September, following encouraging inflation data from June.

The market’s attention is also on the July jobs report, which will be released later this week. This report, along with the Fed’s decisions and corporate earnings, will be crucial in determining whether the recent stock pullback has ended.

Stay tuned as this week unfolds, bringing significant developments that could shape the market’s direction in the coming months.


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