Gas Prices Push Canada’s Inflation to 3% | Toronto News

Canada’s inflation jumped to 3% in July, fueled by a sharp rise in gas prices—up 25.7% year-over-year, after a 20.5% increase in June. Global tensions, including Middle East blockades and Red Sea shipping disruptions, are driving up energy costs. Economists had predicted a modest 2.9% rise, so while the number was expected, the gas surge pushed it over the mark—showing how world events ripple straight into your wallet. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/68986161856fd3f3