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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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Canada Post and Workers at Odds Over Wages, Weekend Delivery

 

Canada Post and the Canadian Union of Postal Workers (CUPW) are currently locked in a dispute over wages and weekend delivery. The conflict has led to a nationwide strike involving over 55,000 postal workers, just days before the busy holiday season.

The main points of contention include Canada Post's proposal to hire more part-time workers for weekend parcel delivery, which the union opposes. The union argues that this would undermine job security and lead to lower wages. Additionally, the union is seeking fair wages and improved working conditions, citing the rising cost of living as a significant factor.

Canada Post, on the other hand, has proposed wage increases above inflation over the next four years and aims to introduce a flexible seven-day delivery model to remain competitive. However, the union is pushing for a compounded wage increase of 24% over the same period.

As negotiations continue, the strike has already begun to impact mail and parcel deliveries, causing concern among businesses and consumers alike. The outcome of these talks will be crucial in determining the future of postal services in Canada.

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