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Oil prices typically bottom out around this time of year, but with the Red Sea crisis adding to the uncertainty in the world, will cheap gas prices stick around?
If the more bullish forecasts prove accurate, a return to triple-digit oil prices could be just around the corner, as Canadian consumers struggle to keep pace with sharply higher prices for many essentials, including food.
Russia’s decision to allow Ukraine to export grains once again has seen an improvement in wheat prices, but Canadians won’t likely see significant changes on their grocery bills until spring 2023.
Inflationary domino effect sees gas prices raising shipping costs, which then hike price of goods
Inflationary domino effect sees gas prices raising shipping costs, which then hike price of goods