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Inflation: Why the price of groceries are expected to rise

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Canadians are already feeling the pinch of higher prices on just about everything and the cost of groceries could keep on climbing.

The global food supply is being impacted by weather, labor, and major events in geopolitics like Russia’s invasion of Ukraine.

And while the official numbers are expected last week, it’s clear that Canadians are paying more than they have in decades.

Mike Drolet has more.

For more info, please go to https://globalnews.ca/news/8987472/bank-of-canada-interest-rate-recession/

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Category
U.S. & Canada
Tags
global news, Bank of Canada raises key interest rate, Canada inflation
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