Energy reflected the cooling as prices fell 0.6 per cent year-over-year. Gasoline prices are leading the drop, StatCan says, with a 4.7 per cent difference year-over-year — "the first yearly decline since January 2021."
"Inflation is cooling more than what was typically expected," David George-Cosh, BNN Bloomberg reporter, told CTV News Channel on Tuesday. "But when you drill down into some of the details, it's unlikely to really convince Canadians that the worst is really behind us."
February marks the seventh consecutive month of double-digit food inflation, StatCan says.
This pressure is largely due to supply constraints from extreme weather in some regions and higher costs of animal feed, energy and packaging materials.
Pasta products continue to increase in price, with a 23.1 per cent year-over-year difference in February. This is an upward trend from January, which had a year-over-year increase of 21.1 per cent.
Fruit juice had the largest increase in price from January to February 2023, data from StatCan shows. In January, the product had a year-over-year difference of 5.2 per cent; this rose to 15.7 per cent year-over-year in February.
According to StatCan, the quick rise in the cost of fruit juice is led by the increased price of orange juice specifically.
"The supply of oranges has been impacted by citrus greening disease and climate-related events, such as Hurricane Ian," the CPI report reads.
William Huggins, lecturer of corporate finance and business economics, explained supply chains are under pressure from many areas.
"We've had, for instance, problems with avian flu...There are problems with African swine fever in China, we've had trouble getting enough employees to come back post pandemic with their steel supply chains," Huggins told CTV's Your Morning on Wednesday. "We've seen this not just in Canada, but also in the United States as well. So rather than people thinking it's very much a homegrown problem, it's much more of a North American logistic problem."
Oranges on their own have not increased quite as dramatically between January and February of this year. According to the data, in January oranges had a year-over-year increase of 14.1 per cent, which rose to 15.1 per cent year-over-year in February.
Similarly, apples rose in price year-over-year to 16.6 per cent in February, a 4.5 per cent increase from January.
Some areas did see prices slowing, StatCan said.
Meat products decreased to 6.2 per cent year-over-year, though this is a smaller decrease than in January.
But Canadians aren't seeing decreases in all types of meat.
Fresh or frozen poultry remained high, as StatCan pegged the year-over-year increase at 10.7 per cent in February, a slight increase from January.
Fish, seafood and other marine products increased by 1 per cent from January's year-over-year marker to 7.4 per cent year-over-year in February.
Fresh or frozen beef saw a reduction in February, with a year-over-year increase of 2.4 per cent compared to January's 3.7 per cent difference.
Buyers of some types of produce are seeing a cooling effect as well, including the costs of lettuce and tomatoes.
Lettuce in January rose to 32.8 per cent year-over-year, but dropped the next month to 20.2 per cent compared to February 2022.
Tomatoes in January had a 21.9 per cent year-over-year increase, which dropped to 7.1 per cent year-over-year in February.
According to the survey, 78.5 per cent of those who noted a mistake reported the most common error was that the price at the cash register was not the same price displayed on the shelf. About one-third of respondents said the daily discount was not applied and a total of 31.4 per cent claimed the cashier scanned an item too many times.
A majority of people said they check receipts for mistakes as they exit the store, before getting home. However, the survey notes not all Canadians have the habit of checking for mistakes; only half said they always check, while 3.3 per cent never do.
"As for frequency of mistakes, 79.2 per cent of respondents claim that they find at least no mistakes on their receipts, at least 10 per cent of the time," the press release reads. "A total of 15.2 per cent will find at least one mistake on their receipt, 25 per cent of the time."
Note: data for some specific grocery items are available only nationally, and are not available by province. Can't see the interactive above? Click here.
The Canadian Medical Association asserts the Liberals' proposed changes to capital gains taxation will put doctors' retirement savings in jeopardy, but some financial experts insist incorporated professionals are not as doomed as they say they are.
For centuries, people have wondered what, if anything, might be lurking beneath the surface of Loch Ness in Scotland. When Canadian couple Parry Malm and Shannon Wiseman visited the Scottish highlands earlier this month with their two children, they didn’t expect to become part of the mystery.
It's no secret that spring can be a tumultuous time for Canadian weather, and as an unseasonably mild El Nino winter gives way to summer, there's bound to be a few swings in temperature that seem out of the ordinary. From Ontario to the Atlantic, though, this week is about to feel a little erratic.
Mounties in Nanaimo, B.C., say two late-night revellers are lucky their allegedly drunken antics weren't reported to police after security cameras captured the men trying to steal a heavy sign from a downtown business.
Members of the Bank of Canada's governing council were split on how long the central bank should wait before it starts cutting interest rates when they met earlier this month.
On a night she should have been mourning, a nurse from Quebec's Laurentians region says she was forced to clean up her husband after he died at a hospital in Montreal.
An Ontario senior’s attempt to get technical help online led him into a spoofing scam where he lost $25,000. Now, he’s sharing his story to warn others.
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Canada's Deputy Prime Minister Chrystia Freeland was among the 1,700 delegates attending the two-day First Nations Major Projects Coalition (FNMPC) conference that concluded Tuesday in Toronto.
It's no secret that spring can be a tumultuous time for Canadian weather, and as an unseasonably mild El Nino winter gives way to summer, there's bound to be a few swings in temperature that seem out of the ordinary. From Ontario to the Atlantic, though, this week is about to feel a little erratic.
The federal government's proposed change to capital gains taxation is expected to increase taxes on investments and mainly affect wealthy Canadians and businesses. Here's what you need to know about the move.
Mounties in Nanaimo, B.C., say two late-night revellers are lucky their allegedly drunken antics weren't reported to police after security cameras captured the men trying to steal a heavy sign from a downtown business.
The B.C. woman convicted of killing Reena Virk described the TV series dramatizing the notorious 1997 murder as disrespectful to the victim and her family.
Eleven Republicans who submitted a document to Congress falsely declaring that Donald Trump beat Joe Biden in Arizona in the 2020 presidential election were charged Wednesday with conspiracy, fraud and forgery, marking the fourth state to bring charges against 'fake electors.'
A Chicago sidewalk landmark some residents affectionately called the 'rat hole' was removed Wednesday after city officials determined the section bearing the imprint of an animal was damaged and needed to be replaced, officials said.
Republican legislative leaders in Ohio say they are negotiating with Democrats to assure U.S. President Joe Biden appears on the state's November ballot, but the exact shape of the solution remains murky.
A Peruvian judge has ordered 18 months of preventative detention for an Iranian and two Peruvian men while they are investigated for allegedly attempting to kill two Israelis living in the South American country.
An Indigenous group in Brazil said Wednesday its members detained 12 people for allegedly mining illegally in the Amazon and handed them over to police.
Prime Minister Justin Trudeau is accusing Conservative Leader Pierre Poilievre of welcoming 'the support of conspiracy theorists and extremists,' after the Conservative leader was photographed meeting with protesters, which his office has defended.
Canada's Deputy Prime Minister Chrystia Freeland was among the 1,700 delegates attending the two-day First Nations Major Projects Coalition (FNMPC) conference that concluded Tuesday in Toronto.
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The U.S. Food and Drug Administration said on Tuesday that it had found bird flu virus particles in some samples of pasteurized milk, but said commercial milk supply remains safe.
U.S. President Joe Biden signed legislation Wednesday that could ban TikTok in the U.S. while his campaign has embraced the platform and tried to work with influencers.
A new paper says a giant salmon that lived five million years ago in the coastal waters of the Pacific Northwest used tusk-like spikes as defense mechanisms and for building nests to spawn.
Prime Minister Justin Trudeau says he's not going to comment on the future of TikTok in the United States, but his own government will continue to look out for Canadians' security.
The B.C. woman convicted of killing Reena Virk described the TV series dramatizing the notorious 1997 murder as disrespectful to the victim and her family.
A judge has declined to dismiss hundreds of lawsuits filed against rap star Travis Scott over his role in the deadly 2021 Astroworld festival in which 10 people were killed in a crowd surge.
It's a midweek lunchtime on an unassuming residential street in Vauxhall, south London. There aren't many people about – the occasional dog walker, a few runners, a couple of delivery drivers. I'’s pretty much what you’d expect on a drizzly work day.
Boeing said Wednesday that it lost US$355 million on falling revenue in the first quarter, another sign of the crisis gripping the aircraft manufacturer as it faces increasing scrutiny over the safety of its planes and accusations of shoddy work from a growing number of whistleblowers.
New condo sales in the Toronto region dropped to the lowest quarterly total since the financial crisis in 2009 amid high interest rates and affordability issues, a new report has found.
The federal government's proposed change to capital gains taxation is expected to increase taxes on investments and mainly affect wealthy Canadians and businesses. Here's what you need to know about the move.
For centuries, people have wondered what, if anything, might be lurking beneath the surface of Loch Ness in Scotland. When Canadian couple Parry Malm and Shannon Wiseman visited the Scottish highlands earlier this month with their two children, they didn’t expect to become part of the mystery.
A portrait of a young woman by Gustav Klimt that was long believed to be lost was sold at an auction in Vienna on Wednesday for 30 million euros (US$32 million).
Brad Marchand scored twice, including the winner in the third period, and added an assist as the Boston Bruins downed the Toronto Maple Leafs 4-2 to take a 2-1 lead in their first-round playoff series Wednesday
Kansas City Royals right-hander Alec Marsh was hit in his throwing shoulder by a line drive, forcing him to leave in the fifth inning against Toronto on Wednesday night.
A made-in-China electric vehicle will hit North American dealers this summer offering power and efficiency similar to the Tesla Model Y, the world's best-selling EV, but for about US$8,000 less.
Tesla's first-quarter net income plummeted 55 per cent as falling global sales and price cuts sliced into the electric vehicle maker's revenue and profit margins.
Josef Newgarden’s win in IndyCar’s season-opening race at St. Petersburg was disqualified Wednesday because Team Penske manipulated its push-to-pass system during the race, making Pato O’Ward the winner.
When identical twin sisters Kim and Michelle Krezonoski were invited to compete against some of the world’s most elite female runners at last week’s Boston Marathon, they were in disbelief.
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At 6'8" and 350 pounds, there is nothing typical about UBC offensive lineman Giovanni Manu, who was born in Tonga and went to high school in Pitt Meadows.
Kevin the cat has been reunited with his family after enduring a harrowing three-day ordeal while lost at Toronto Pearson International Airport earlier this week.
A Canadian sports economist is encouraging Canucks fans to enjoy the team’s playoff run, but cautioning against having big expectations around economic spinoffs.
Police and firefighters are going door-to-door telling people who live in the vicinity of a wildfire burning out of control near Chetwynd they need to evacuate.
Ontario is still playing catch up on routine vaccinations that many children missed during the pandemic and public health officials are warning that it could take years to solve the problem.
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A township east of Toronto has been without its only full supermarket for nearly a year after it was destroyed in a fire. On Tuesday, residents learned it won't reopen.
The director of education for the Ottawa-Carleton District School Board says making sure elementary school students can attend classes close to home is an important part of making schooling in Ottawa more equitable.
The National Capital Commission has purchased the old Dunnderosa Golf Course in Chelsea, Que., as part of its plan to acquire private properties in Gatineau Park.
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International aircraft giant Boeing has made a multi-million dollar commitment to the Saskatchewan Indian Institute of Technology (SIIT) to help address shortages in the aviation industry.
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A Windsor man convicted in a violent murder 20 years ago was successful in his ‘faint hope’ bid for an early chance at freedom after a jury agreed he should be given the chance to apply for early parole eligibility.
Prime Minister Justin Trudeau, Ontario Premier Doug Ford and Honda executives are expected to announce today that the Japanese automaker is building an electric vehicle battery plant in Alliston, Ont., part of a $15-billion investment.
Mounties in Nanaimo, B.C., say two late-night revellers are lucky their allegedly drunken antics weren't reported to police after security cameras captured the men trying to steal a heavy sign from a downtown business.
The B.C. woman convicted of killing Reena Virk described the TV series dramatizing the notorious 1997 murder as disrespectful to the victim and her family.
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Newfoundlander Christian Sparkes has shot several films around his home province, but with his new psychological thriller 'The King Tide' he saw an opportunity to wander into one unique town that had eluded him over the years.
The Department of Fisheries and Oceans says two people were found dead and four others survived after a boat capsized off the west coast of Newfoundland.