Episode Details

Gas prices are surging again, with Montreal hitting over $1.91 per litre after a sharp jump — and experts warn another 20-cent spike could be coming by early August. The uptick is fueled by U.S. sanctions on Iranian oil and disrupted shipments, pushing crude prices up and reversing earlier inflation relief. While inflation remains elevated due to energy shocks, the Bank of Canada notes other sectors haven’t yet felt the pinch — except food, which is more vulnerable to fuel and shipping costs. Shelter costs are cooling, offering a glimmer of hope as the central bank waits for more data before its September rate decision.

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