The inflation rate fell to 2.8 per cent in June, but Statistics Canada is also reporting grocery prices shot up 9.1 per cent from year-ago levels.
That's even more than prices rose in May.
B-M-O economist Benjamin Reitzes (RIGHT'-sis) says the report was mixed.
But he thinks there are enough encouraging signs in it to make the Bank of Canada pleased with the direction inflation is headed.
Tiff Macklem says the pandemic is not just the biggest health risk facing the world, but also the largest economic risk. In a speech today, he says governments and the private sector must work together to make vaccines available to all.
The U.S. drugmaker submitted data from a clinical trial involving kids five to 11 years old last week, and made the formal request for it to be authorized for that age group in the U.S. Thursday.
Council heard Wednesday night from more than two dozen speakers both for and against the proposal to set a $45 annual fee for overnight street parking anywhere in Vancouver.
There are 5,945 active cases of COVID-19 in the province and 182,786 people who tested positive have recovered. Of the active cases, 350 individuals are in hospital and 136 are in intensive care. The remaining people are recovering at home in self-isolation.
Speaking at a news conference where he was announcing mandatory vaccine rules for federal public servants as well as train and plane passengers, Trudeau said he was “stunned and dismayed” at recent revelations about Maj.-Gen. Peter Dawe.
The low rates have been a key economic rationale for why the government can afford the elevated spending and deep deficits needed to put a financial floor under businesses and workers impacted by COVID-19.