Canada’s Inflation Slows to 2.2% in October: Gasoline and Groceries Lead the Cooldown
Canada's inflation cooled to 2.2% year-over-year in October 2025, mainly due to lower gasoline and food prices, while shelter and core inflation remained elevated near 3%. The Bank of Canada is expected to hold policy steady as markets welcomed the cooling data, but persistent service inflation may complicate the path to the 2% target.