Canada’s inflation reaches 2% in October 2024 – Global National News

In Canada, the cost of living has been a major concern for many residents, as inflation rates rose to two per cent in October after four months of decline. This increase in inflation has left many Canadians struggling to make ends meet, as prices continue to rise. Heidi Petracek examines the impact of inflation on everyday Canadians, while Anne Gaviola explores how this rise could potentially influence the Bank of Canada’s upcoming interest rate decision.

In response to the U.S. granting Ukraine permission to use American-supplied ATACMS missiles, Russian President Vladimir Putin has signed a decree lowering the threshold for his country’s use of nuclear weapons. Despite this concerning development, there is surprisingly little international alarm over Russia’s revised nuclear doctrine. Jackson Proskow delves into the reasons behind this lack of concern.

The havoc wreaked by the so-called Islamic State (ISIS) has not only been felt in the Middle East, but in Canada as well. It is estimated that 180 Canadians traveled to join ISIS during its peak. Jeff Semple shares the story of an Edmonton couple who were part of this movement, shedding light on the impact of ISIS on Canadian soil.

Meanwhile, a valuable painting by renowned Canadian artist Emily Carr was uncovered in New York after being unrecognized for decades. Purchased for a mere $50, the painting’s significance and journey to Long Island are now up for auction. Eric Sorensen details the remarkable discovery and the painting’s newfound spotlight.

For more information on Canada’s inflation rate in October, visit the Global News website. As the cost of living continues to rise, Canadians are facing challenges in balancing their finances amidst economic uncertainty.