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Global National: July 20, 2022 | When will Canada's inflation rate peak after reaching 39-year high

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Inflation aggravation is hitting Canadians once more, with rates now reaching highs not seen in nearly four decades. In June, prices at the pumps also jumped by more than 50 per cent compared to what they were a year ago and that affects the price of most everything you see in stores and restaurants because it's shipped in. Food across the board costs nearly nine per cent more, hitting restaurants hard. Anne Gaviola has more on the impact on consumers, and when we could see inflation reach its peak.

As severe heat smothers parts of Canada, farmers are worried about how the weather will impact crop yields. Morganne Campbell reports on the damage from the unusually dry weather, and what this means for an already strained food supply chain.

Despite new promises to tackle the climate crisis, U.S. President Joe Biden faces more calls for action from environmental advocates. Jackson Proskow explains where the U.S. is still falling short on its numerous commitments, as a gruelling heat wave grips the country.

As other historic heat waves ease in parts of Europe, many residents are surveying the destruction caused by devastating fires. Ross Lord looks at the damaging toll spurring calls for leaders to take action against climate change.

Surging food costs have Canadian shoppers digging deeper into their wallets. Jeff Semple speaks with Sylvain Charlebois, professor and senior director of Dalhousie University's Agri-Food Analytics Lab, about what's driving up prices, its impact on food insecurity, how you can save money, and how long food inflation is expected to last.

Despite the vastness of space, the laws of gravity still apply to the things we launch into our galaxy. Now a Canadian study is examining the risks for us Earthlings posed by falling space junk. Mike Armstrong explains why the odds of debris causing serious damage, or even death, are on the rise.

For more info, please go to https://globalnews.ca/news/9002820/inflation-canada-june-2022/
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Category
U.S. & Canada
Tags
global news, Inflation, Fuel prices
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