#gasprices

MalayalisNearMe Official

Post

๐Ÿ‘‰Canada's inflation rate cooled to 2% in August, the lowest since February 2021, as reported by Statistics Canada. Monthly consumer prices fell by 0.2%, driven by decreases in gasoline, telephone services, and clothing prices. However, shelter costs, including rent, rose by 8.9%. The Canadian dollar weakened slightly following the news. The Bank of Canada, having reduced its key rate by 75 basis points since June, is expected to continue rate cuts. Analysts predict further drops in inflation to 2.4% next year, aiming for the central bank's target range of 1-3% by 2026.โœ… . ๐๐š๐ฏ๐ข๐ ๐š๐ญ๐ž ๐ฒ๐จ๐ฎ๐ซ ๐ก๐จ๐ฆ๐ž ๐ฃ๐จ๐ฎ๐ซ๐ง๐ž๐ฒ ๐ž๐Ÿ๐Ÿ๐จ๐ซ๐ญ๐ฅ๐ž๐ฌ๐ฌ๐ฅ๐ฒ ๐ฐ๐ข๐ญ๐ก ๐Š๐š๐ฆ๐š๐ฅ, ๐ฒ๐จ๐ฎ๐ซ ๐๐ž๐๐ข๐œ๐š๐ญ๐ž๐ ๐†๐“๐€ ๐‘๐ž๐š๐ฅ๐ญ๐จ๐ซ. ๐‚๐š๐ฅ๐ฅ: +๐Ÿ (๐Ÿ”๐Ÿ’๐Ÿ•) ๐Ÿ”๐Ÿ•๐Ÿ‘-๐Ÿ‘๐Ÿ“๐Ÿ๐Ÿ” ๐„๐ฆ๐š๐ข๐ฅ: ๐ค๐š๐ฆ๐š๐ฅ@๐ญ๐ก๐ž๐œ๐š๐ง๐š๐๐ข๐š๐ง๐ก๐จ๐ฆ๐ž.๐œ๐จ๐ฆ @kamalpillai_realtor . . #CanadaEconomy #InflationUpdate #CPIReport #BankOfCanada #GasPrices #RentCosts #InterestRates #mnm #malayalisnearmeapp #canadaupdate #canadanews

124 Views

1 month ago

MalayalisNearMe Official

Post

๐Ÿ‘‰Inflation in Canada slowed to 2.7% in June, down from 2.9% in May, largely due to a 3.1% drop in gasoline prices, according to Statistics Canada. Despite this overall decline, grocery prices are rising again, signaling renewed pressure at the checkout. Travel tour prices fell by 11.1% monthly, and cellular service costs dropped by 12.8% annually. Durable goods, such as passenger vehicles and furniture, saw price decreases due to improved inventory and eased supply chains. Higher interest rates are also curbing consumer spending, contributing to the price drops.โœ… . ๐”๐ง๐ฅ๐จ๐œ๐ค ๐ฒ๐จ๐ฎ๐ซ ๐๐ซ๐ž๐š๐ฆ ๐ก๐จ๐ฆ๐ž ๐ฐ๐ข๐ญ๐ก ๐Œ๐š๐ง๐จ๐ฃ ๐Š๐š๐ซ๐š๐ญ๐ก๐š, ๐š๐ง ๐š๐ฐ๐š๐ซ๐-๐ฐ๐ข๐ง๐ง๐ข๐ง๐  ๐‘๐ž๐š๐ฅ๐ญ๐จ๐ซ ๐ข๐ง ๐Ž๐ง๐ญ๐š๐ซ๐ข๐จ. ๐‚๐š๐ฅ๐ฅ: +๐Ÿ (๐Ÿ”๐Ÿ’๐Ÿ•) ๐Ÿ๐Ÿ๐Ÿ”-๐Ÿ๐Ÿ”๐Ÿ”๐Ÿ“ ๐„๐ฆ๐š๐ข๐ฅ: ๐ฆ๐š๐ง๐จ๐ฃ@๐ญ๐ก๐ž๐œ๐š๐ง๐š๐๐ข๐š๐ง๐ก๐จ๐ฆ๐ž.๐œ๐จ๐ฆ @manojkaratha_realtor . . #Inflation #CanadaEconomy #GroceryPrices #GasPrices #ConsumerSpending #CPI #EconomyUpdate #mnm #malayalisnearmeapp #canadaupdate #canadanews

147 Views

3 months ago

MalayalisNearMe Official

Post

๐Ÿ‘‰Statistics Canada reports a 0.7% rise in retail sales for April, reaching $66.8 billion, boosted by higher sales at gasoline stations and food and beverage retailers. Sales increased in seven of the nine tracked subsectors, with gasoline stations and fuel vendors up 4.5% and food and beverage retailers up 1.9%. However, sales at motor vehicle and parts dealers fell 2.2%, with new car sales dropping 2.9%. Core retail sales, excluding gas stations and vehicle dealers, rose 1.4%. In volume terms, retail sales increased 0.5%. The advance estimate for May suggests a 0.6% decline, subject to revision.โœ… . ๐”๐ง๐ฅ๐จ๐œ๐ค ๐ฒ๐จ๐ฎ๐ซ ๐๐ซ๐ž๐š๐ฆ ๐ก๐จ๐ฆ๐ž ๐ฐ๐ข๐ญ๐ก ๐Œ๐š๐ง๐จ๐ฃ ๐Š๐š๐ซ๐š๐ญ๐ก๐š, ๐š๐ง ๐š๐ฐ๐š๐ซ๐-๐ฐ๐ข๐ง๐ง๐ข๐ง๐  ๐‘๐ž๐š๐ฅ๐ญ๐จ๐ซ ๐ข๐ง ๐Ž๐ง๐ญ๐š๐ซ๐ข๐จ. ๐‚๐š๐ฅ๐ฅ: +๐Ÿ (๐Ÿ”๐Ÿ’๐Ÿ•) ๐Ÿ๐Ÿ๐Ÿ”-๐Ÿ๐Ÿ”๐Ÿ”๐Ÿ“ ๐„๐ฆ๐š๐ข๐ฅ: ๐ฆ๐š๐ง๐จ๐ฃ@๐ญ๐ก๐ž๐œ๐š๐ง๐š๐๐ข๐š๐ง๐ก๐จ๐ฆ๐ž.๐œ๐จ๐ฆ @manojkaratha_realtor . . #RetailSales #CanadaEconomy #StatisticsCanada #GasPrices #FoodSales #EconomicTrends #MarketUpdate #mnm #malayalisnearmeapp #canadaupdate #canadanews

165 Views

4 months ago

MalayalisNearMe Official

Post

๐Ÿ‘‰Motorists in the Greater Toronto Area (GTA) woke up to a sharp increase in gasoline prices, with a litre now costing approximately $1.79, marking the highest price since August 2022. According to Dan McTeague of GasWizard, three main factors are driving this surge: tensions in the Middle East, an increase in the carbon tax, and the seasonal switch from winter to summer gasoline blends. The transition to the costlier summer blend contributes to the rise in prices each spring due to the chemical differences between the two blends. The sudden spike in gas prices adds to the financial strain faced by consumers amidst a broader cost-of-living crisis, impacting essential expenses like groceries and rent.โœ… . ๐„๐ฑ๐ฉ๐ž๐ซ๐ญ ๐Œ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž ๐€๐๐ฏ๐ข๐ฌ๐ž- ๐€๐ญ ๐š ๐ญ๐ข๐ฆ๐ž ๐š๐ง๐ ๐ฉ๐ฅ๐š๐œ๐ž ๐œ๐จ๐ง๐ฏ๐ž๐ง๐ข๐ž๐ง๐ญ ๐Ÿ๐จ๐ซ ๐ฒ๐จ๐ฎ! ๐‰๐จ๐ฆ ๐Œ๐š๐ญ๐ญ๐š๐ฆ ๐Œ๐จ๐›๐ข๐ฅ๐ž ๐Œ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž ๐€๐๐ฏ๐ข๐ฌ๐จ๐ซ +๐Ÿ ๐Ÿ”๐Ÿ’๐Ÿ• ๐Ÿ—๐Ÿ๐ŸŽ ๐Ÿ”๐Ÿ“๐Ÿ‘๐ŸŽ ๐ฃ๐จ๐ฆ.๐ฆ๐š๐ญ๐ญ๐š๐ฆ@๐œ๐ข๐›๐œ.๐œ๐จ๐ฆ @jom_mattam . . #GasPrices #Ontario #CostOfLiving #CarbonTax #FuelBlend #MiddleEastTensions #ConsumerConcerns #GTA #mnm #malayalisnearmeapp #canadaupdate #canadanews

105 Views

6 months ago

MalayalisNearMe Official

Post

๐Ÿ‘‰Canada's inflation reached 2.9% in March, in line with expectations, while core inflation continued its decline for the third consecutive month. Gasoline prices drove the annual rate increase, while excluding gasoline, inflation slowed to 2.8%. Monthly, the Consumer Price Index rose by 0.6%. Economists anticipated a 2.9% rise. Despite predictions, CPI eased to 2.8% in February. The Bank of Canada maintained the benchmark interest rate at 5%, hinting at a possible cut in June. Governor Tiff Macklem expects core inflation to gradually decrease, but with rising gas prices, CPI may linger around 3%.โœ… . ๐”๐ง๐ฅ๐จ๐œ๐ค ๐ฒ๐จ๐ฎ๐ซ ๐๐ซ๐ž๐š๐ฆ ๐ก๐จ๐ฆ๐ž ๐ฐ๐ข๐ญ๐ก ๐Œ๐š๐ง๐จ๐ฃ ๐Š๐š๐ซ๐š๐ญ๐ก๐š, ๐š๐ง ๐š๐ฐ๐š๐ซ๐-๐ฐ๐ข๐ง๐ง๐ข๐ง๐  ๐‘๐ž๐š๐ฅ๐ญ๐จ๐ซ ๐ข๐ง ๐Ž๐ง๐ญ๐š๐ซ๐ข๐จ. ๐‚๐š๐ฅ๐ฅ: +๐Ÿ (๐Ÿ”๐Ÿ’๐Ÿ•) ๐Ÿ๐Ÿ๐Ÿ”-๐Ÿ๐Ÿ”๐Ÿ”๐Ÿ“ ๐„๐ฆ๐š๐ข๐ฅ: ๐ฆ๐š๐ง๐จ๐ฃ@๐ญ๐ก๐ž๐œ๐š๐ง๐š๐๐ข๐š๐ง๐ก๐จ๐ฆ๐ž.๐œ๐จ๐ฆ @manojkaratha_realtor . . #CanadaInflation #EconomicUpdate #BankofCanada #GasPrices #InflationTrends #EconomicOutlook #FinancialNews #mnm #malayalisnearmeapp #canadaupdate #canadanews

79 Views

6 months ago

MalayalisNearMe Official

Post

๐Ÿ‘‰Gas prices in Canada have notably increased in March, with Toronto experiencing significant rises. According to GasBuddy, Toronto's average gas price jumped by 11 cents per litre last week, reaching 153.04 cents per litre, while the national average rose by 4.7 cents to 155.31 cents per litre. Patrick De Haan from GasBuddy attributes this surge to increased spring break travel and warmer weather, leading to a three percent rise in demand. Ontario witnessed the largest price increase, followed by BC and Quebec, while Newfoundland, Alberta, and New Brunswick saw moderate declines. Additionally, the transition to summer gasoline production and refinery maintenance contribute to the price hike.โœ… . ๐„๐ฑ๐ฉ๐ž๐ซ๐ญ ๐Œ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž ๐€๐๐ฏ๐ข๐ฌ๐ž- ๐€๐ญ ๐š ๐ญ๐ข๐ฆ๐ž ๐š๐ง๐ ๐ฉ๐ฅ๐š๐œ๐ž ๐œ๐จ๐ง๐ฏ๐ž๐ง๐ข๐ž๐ง๐ญ ๐Ÿ๐จ๐ซ ๐ฒ๐จ๐ฎ! ๐‰๐จ๐ฆ ๐Œ๐š๐ญ๐ญ๐š๐ฆ ๐Œ๐จ๐›๐ข๐ฅ๐ž ๐Œ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž ๐€๐๐ฏ๐ข๐ฌ๐จ๐ซ +๐Ÿ ๐Ÿ”๐Ÿ’๐Ÿ• ๐Ÿ—๐Ÿ๐ŸŽ ๐Ÿ”๐Ÿ“๐Ÿ‘๐ŸŽ ๐ฃ๐จ๐ฆ.๐ฆ๐š๐ญ๐ญ๐š๐ฆ@๐œ๐ข๐›๐œ.๐œ๐จ๐ฆ @jom_mattam . . #GasPrices #Canada #Toronto #FuelCosts #SpringTravel #ConsumerNews #EconomicTrends #mnm #malayalisnearmeapp #canadaupdate #canadanews

92 Views

7 months ago

Showing results 1 โ€” 6 of 6