Canada’s inflation rate falls to 2.8 per cent, the lowest inflation rate since March, 2021. It’s the first time in more than two years that inflation has entered the Bank of Canada’s target range of 1 per cent to 3 per cent. The June numbers were heavily influenced by lower gasoline prices, but core inflation has risen.
announced it will invest $790-millionthat will make components for Ford Motor electric vehicles. The Aurora, Ont.-based company said the plants will produce battery enclosures, truck frames and seats for Ford’s electric F150 pickup by 2025, creating 1,300 jobs. The news comes as governments in the United States and Canada are spending billions for EV manufacturers to build factories and bolster their battered auto sectors, Eric Atkins reports.