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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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Ford Pushes for Highway 401 Tunnel in Letter to Carney

 

Ontario Premier Doug Ford has formally requested federal support for a proposed tunnel under Highway 401, a project he describes as nation-building and essential for economic growth. In a letter sent to Prime Minister Mark Carney, Ford outlined several priority projects, including critical mineral access, electric vehicle supply chain development, and bail reforms. However, the most ambitious proposal is the tunnel, which Ford argues would significantly reduce congestion on North America's busiest highway.

The Ford government is currently seeking proposals for a feasibility study to explore various options, including an elevated highway and truck-only lanes. Despite skepticism from opposition leaders, Ford remains committed to the tunnel project, emphasizing its long-term benefits for Ontario's infrastructure and economy.

Critics, including NDP Leader Marit Stiles and Liberal Leader Bonnie Crombie, have dismissed the tunnel as unrealistic and financially burdensome. Stiles called it a "fantasy tunnel," while Crombie warned that its cost could bankrupt the province. Nevertheless, Ford has pledged to move forward with the project, regardless of feasibility study outcomes.

The federal government's response to Ford's request remains uncertain, but the proposal has already sparked significant debate about Ontario's infrastructure priorities and the future of transportation in the province.

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