5 things to know for Friday, January 21, 2022

5 Things to Know

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Average price of gas in Canada tops $2 a litre for first time

Gasoline prices are showing no signs of letting up as the average price in Canada tops $2 a litre for the first time. Natural Resources Canada says the average price across the country for regular gasoline hit $2.06 per litre on Monday for an all-time high.

A sign at a gas station displays the price of a litre of regular grade gasoline after it reached a new high of $2.28 in Vancouver on May 14, 2022. THE CANADIAN PRESS/Darryl Dyck

Concerned about Canada's baby formula supply? What you need to know

A major infant formula recall by the U.S. manufacturer of Similac has exacerbated ongoing pandemic-related supply issues for some Canadian retailers, according to the Retail Council of Canada, while other stores have generally been able to keep shelves stocked, with any shortages mostly temporary.

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