"I do not have a crystal ball," Freeland said. "I do think that today is a milestone moment."
"While Tuesday's inflation numbers show some progress in stopping prices from rising as quickly, we know there is little chance of prices coming down meaningfully any time soon. This is especially true for the cost of food as grocery inflation remains stubbornly high," NDP MP and finance critic Daniel Blaikie in a statement. "This news will not bring relief for Canadians struggling with record prices.
The finance minister said she remains "mindful" that food prices in particular remain high, pointing to the"I recognize that the grocery rebate does not compensate everyone for all of the costs that inflation has imposed. But, for a family of four, it's close to $500, and that is support that's really needed, coming at an important time. It's, you know, to give people a little bit of relief," Freeland said.