Canada inflation rises: CPI hits 2.4% in Sept; Carney optimistic on US tariff talks

Canada’s inflation hit 2.4% in September, fueled by soaring grocery costs and less of a gasoline price drop. Shelter expenses also climbed significantly. Despite these pressures, economists note core inflation remains high. Prime Minister Carney is in talks with the US to ease tariffs impacting key Canadian industries and consumers, ahead of a crucial Bank of Canada meeting.