The Daily Chase: ​Grocers in Ottawa; Auto strike deadline approaches

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The Daily Chase: ​Grocers in Ottawa; Auto strike deadline approaches
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Inflation rules everything around me, take a look at “five things” and you will see.

This week will be dominated by central banks and their quest to quell inflation. In Canada, we will get a read of inflation on Tuesday, perspective on it from Bank of Canada Deputy Governor Sharon Kozicki in a speech that afternoon and minutes from the last BOC rate decision on Wednesday. Globally, all eyes will be on the U.S. Federal Reserve, which makes its rate decision on Wednesday.

But they are cautious that the easy money has been made and are downgrading Athabasca Oil and Suncor.Ottawa is getting serious about all types of inflation. Today, MPs are hauling up C-Suite executives from Loblaw, Metro and Walmart to meet with the federal industry minister. This is ahead of a deadline Ottawa has given to the sector to come up with a plan to stabilize prices by October ninth.

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