Canada election: Cost of living set to increase
The cost of living was tame in 2020, but it’s back with a vengeance this year. Higher gas prices because of increased demand are a culprit, so are global supply chain issues. Canada’s annual inflation rate surged to 3.7 per cent in July, levels we haven’t seen since 2011. The price of inflation has been above three per cent for four months in a row, more than the Bank of Canada’s target of two per cent. And your grocery bill is likely giving you sticker-shock. But experts say there’s more food inflation to come. Anne Gaviola reports.