Lower-income groups are bearing the brunt of inflation, tepid job market
Inflation jumped to 2.4%, but the labour market remains soft
Prices remain well below 2022 peak, but affordability varies
Gas prices, cost of most groceries rise month over month
Without the GST tax break, the annual inflation rate would have accelerated to 2.7%: StatCan
Respondents said they worked multiple jobs due to fewer full-time job opportunities, to cover expenses
Restaurants added jobs, but 53% still operating at a loss or breaking even
Overall inflation climbed 0.3% in December from the previous month, driven by a jump in gas prices
Trade disruptions could threaten normalization of food inflation, grocery giant CEO says
Elevated mortgage rates, rising home prices and few properties on the market were to blame