Canada's inflation rate is coming down, but the relief being felt by consumers is largely centred around the gasoline pump.
The latest figures from Statistics Canada show annual inflation rose just 2.8 per cent in June 2023, slowing from 3.4 per cent in May.
That's a dramatic improvement from the 8.1 per cent peak Canadians suffered through last summer.
But excluding gasoline from the equation, Canada's inflation rate was 4.0 per cent in June, and 4.4 per cent in May.
Gasoline prices have declined nearly 22 per cent since last June, when global energy markets spiked in reaction to Russia's invasion of Ukraine.
But other categories continue to get more expensive for consumers, with food prices up 8.3 per cent year-over-year and mortgage interest costs up 30.1 per cent.
This report by The Canadian Press was first published July 18, 2023.
Former FBI director James Comey says while he believes former U.S. president Donald Trump "will be defeated" in the upcoming presidential election, he doesn’t think it’s a given.
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As the Edmonton Oilers battle the Dallas Stars in the Stanley Cup Playoffs' Western Conference Finals, there's some beef brewing off the ice as well.
Real Madrid wins the Champions League after beating Borussia Dortmund 2-0 in the final.
Car 14 is a luxury passenger car that once made regular runs from London to Port Stanley starting in 1917.
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Israel’s prime minister on Saturday called a permanent ceasefire in Gaza a "nonstarter" until long-standing conditions for the ending the war are met, appearing to undermine a proposal that U.S. President Joe Biden had announced as an Israeli one.
A Malaysian climber likely died of exposure and altitude-related illness earlier this week after sheltering for days in a snow cave with minimal survival gear near the top of Denali, North America's tallest mountain in Alaska.
United States Secretary of Defence Lloyd Austin told a gathering of top security officials Saturday that war with China was neither imminent nor unavoidable, despite rapidly escalating tensions in the Asia-Pacific region, stressing the importance of renewed dialogue between him and his Chinese counterpart in avoiding "miscalculations and misunderstandings."
Embracing Donald Trump's strategy of blaming the U.S. justice system after his historic guilty verdict, Republicans in Congress are fervently enlisting themselves in his campaign of vengeance and political retribution in the GOP bid to reclaim the White House.
Jurors resumed deliberations Saturday on whether a man should be sentenced to death after being convicted days earlier of the murders of his wife and his girlfriend’s two youngest children in Idaho.
Marian Shields Robinson, the mother of Michelle Obama who moved with the first family to the White House when son-in-law Barack Obama was elected president, has died. She was 86.
The federal Liberal government learned Friday it might have to retreat on a proposal within its electoral reform legislation to delay the next vote by one week, after all opposition parties came out to say they can't support it.
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Health Canada recalled various items this week, including more unauthorized products, counterfeit drugs and bassinets.
A genetically engineered pig kidney has been removed from a transplant patient after it started losing function, according to a statement on Friday from NYU Langone Health. The patient, 54-year-old Lisa Pisano of New Jersey is stable and has started dialysis, her doctors said.
A last-minute problem nixed Saturday’s launch attempt for Boeing's first astronaut flight, the latest in a string of delays over the years.
Japanese billionaire Yusaku Maezawa on Saturday canceled his planned flight around the moon on a SpaceX vehicle because of uncertainty about when it may be possible.
Google said Friday it has made "more than a dozen technical improvements" to its artificial intelligence systems after its retooled search engine was found spitting out erroneous information.
Eminem appears to be killing off his alter ego in his latest project, an album titled, 'The Death of Slim Shady (Coup de Grace).'
Jennifer Lopez has cancelled her 2024 North American tour, representatives for Live Nation confirmed to The Associated Press.
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After years of price increases and a decline in customers, fast food chains in the United States are competing with each other and offering value deals in hopes of bringing more foot traffic into their establishments.
A B.C. traveller will receive more than $1,300 in compensation from WestJet for a missed flight connection following a decision from the province's small claims tribunal.
Over 260 people were in attendance for a record-breaking drag queen story time event in Phialdelphia.
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This one's for the birds: A pigeon landed on the court during a French Open match Saturday, leading the chair umpire to use a towel to rescue the fallen fowl.
The Florida Panthers and Edmonton Oilers are both one win away from advancing to the Stanley Cup final.
Grand Slam winners Elena Rybakina and Aryna Sabalenka reached the fourth round of the French Open in straight sets on Saturday.
The U.S. Department of Labor on Thursday sued South Korean auto giant Hyundai Motor Co., an auto parts plant and a labour recruiter over illegal use of child labour in Alabama.
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A hefty donation by a renowned local activist to the University of Winnipeg has created what is believed to be the most comprehensive two-spirit archives in all of Canada.
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An 81-year-old Waterloo, Ont. woman thought she’d never ride a horse again after a brain bleed led to severe physical complications.
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Students and staff at Winnipeg’s Westwood Collegiate had a unique problem to solve this month; how do you lead ducks to water from the school’s courtyard when 12 of them can’t fly yet?
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Hundreds of people and their dogs are expected in North Glenmore Park for the Calgary Humane Society’s annual Dog Jog Saturday.
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The Edmonton Oilers — among the Stanley Cup favourites when training camp opened — had got off to a disastrous start to the NHL season.
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Osborne Village residents will have to find a new spot to get their caffeine fix, as the River Avenue Starbucks location is closing up shop for good.
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In case you missed it, CTV News London has compiled all the top local stories from this week into one video for your convenience.
Continued construction at the Innisfil Beach Road exit of Highway 400 will close certain areas of the interchange from Saturday evening through Sunday morning, allowing crews to remove the existing Highway 400 northbound bridge.
Cassie Korzenko, the Barrie woman who pleaded guilty to three counts of impaired driving causing bodily harm for crashing into three pedestrians, arrived at the courthouse three hours late for her sentencing hearing.
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Windsor police officers say they have arrested two people and seized loaded shotguns from apartment units in the city's core.
After 78 years in Windsor, the doors at Playdium Lanes have closed for a final time.
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Mounties in Kelowna have deemed a fire that ripped through an automotive repair business in Kelowna over the weekend suspicious in nature.
Mounties in Kamloops are appealing for information after two recent reports of a man chasing children in a park.
Firefighters in Kelowna were busy on Sunday morning, knocking down two “major” structure fires.
The Okotoks Dawgs won their first road victory of the season Friday, defeating the Brooks Bombers 10-2.
The Brooks Bandits spread the scoring around Friday night, en route to a 5-2 victory over the Surrey Eagles in the opening game of the Rocky Mountain Challenge.
Fire trucks, garbage trucks, excavators and more will be on display Saturday in Lethbridge at the Big Truck Petting Zoo.
Six people are facing drug and several other charges after police in Sault Ste. Marie raided a residence on Wellington Street West on Thursday evening.
A man wanted for first-degree murder in Alberta was arrested this week after police deployed a spike belt on Highway 17 near Schreiber, Ont.
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Health officials in Newfoundland and Labrador say they are only weeks away from a solution to move unclaimed human remains out of roadside freezers and into a nearby hospital.
The company behind a popular independent television station in Newfoundland and Labrador says it was hit by a cyberattack.
A skull was found along a backroad near St. John's more than 20 years ago. Now, police have finally identified the victim of the homicide.
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