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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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Looming U.S. Port Strike Threatens Supply Chain Stability

 

As the possibility of a U.S. port strike looms, experts warn of severe disruptions to supply chains that could have far-reaching consequences. The potential work stoppage at East Coast and Gulf Coast ports could lead to significant delays, with cargo backlogs lasting for weeks or even months.

Fraser Johnson, a professor at Western University’s Ivey Business School, emphasized the gravity of the situation, stating that an East Coast port strike would be “absolutely devastating” to North American supply chains. The breakdown in contract negotiations between the International Longshoremen’s Association (ILA) and port operators has heightened concerns, with no resolution in sight.

The impact of such a strike would extend beyond the U.S., affecting global trade and logistics. Businesses reliant on timely shipments could face inventory shortages, increased costs, and operational challenges. As the October 1 deadline approaches, stakeholders are anxiously monitoring the situation, hoping for a resolution that averts a major supply chain crisis.


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