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Canada’s Inflation Cools to 2.2% in October Amid Cheaper Gas and Groceries

  Motorists fuel up at an ONroute gas station near Maple, Ont., on April 1, 2025. Lower gas prices helped bring overall inflation down in October, Statistics Canada says. Canada’s annual inflation rate eased to 2.2% in October , down from 2.4% in September. The slowdown was largely driven by falling gasoline and grocery prices, offering some relief to consumers after months of persistent cost pressures. Key Drivers of the Decline Gasoline prices dropped 4.8% month-over-month , as retailers switched to cheaper winter fuel blends and global crude oil prices fell due to oversupply concerns. Grocery prices fell 0.6% in October , marking the largest monthly decline since September 2020. Annual grocery inflation cooled to 3.4% , down from 4% in September, with lower costs for processed foods and fresh vegetables offsetting higher prices for chicken. Excluding gasoline, the Consumer Price Index (CPI) rose 2.6% year-over-year , showing that underlying inflationary pressures remain....
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Tropical Storm Debby Brings Deluge and Flooding Threat to Southeastern United States

 

Tropical Storm Debby, which made landfall in Florida as a Category 1 hurricane, is now moving northeast over Georgia, posing a major threat of flooding and storm surges for the southeastern United States. As of now, at least five deaths have been confirmed, including a 13-year-old boy from Gainesville, Florida, a 19-year-old man from southern Georgia, and a 64-year-old truck driver from Mississippi.

The storm is expected to produce potentially historic rainfall totals of 10 to 20 inches, with maximum amounts of up to 30 inches in some areas. The National Hurricane Center has issued warnings of “catastrophic flooding” across eastern Georgia, the coastal plain of South Carolina, and southeast North Carolina.

More than 150,000 customers in Florida, Georgia, and South Carolina are currently without power due to Debby’s impact. Additionally, authorities in Georgia’s Chatham County are closely monitoring low-lying areas likely to flood.

Stay safe and informed as this slow-moving storm continues to affect the region! 


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