OTTAWA — Statistics Canada says the year-over-year inflation rate slowed to 7.6 per cent in July as economists widely expected the pace of price increases to slow that month.
The inflation rate hit a nearly 40-year-high of 8.1 per cent in June, but since then, gas prices have declined significantly.
In its latest consumer price index report, the federal agency says the rise in prices in July marked the smallest monthly gains since December 2021.
But while gas prices declined, food prices rose at the fastest pace since August 1981, with prices up by almost 10 per cent since a year ago.
As mortgage costs go up with higher interest rates, the report notes rent prices are accelerating, rising faster in July than the previous month.
The Bank of Canada is paying attention to this latest reading of inflation as it gears up to make its next key interest rate on Sept. 7, when it’s expected to raise borrowing rates again.
This report by The Canadian Press was first published Aug. 16, 2022.
The Canadian Press
Blue Jays fan Frankie Lasagna just misses catching Aaron Judge’s 61st home run ball
By Gregory Strong in Toronto
Blue Jays fan Frankie Lasagna grabbed a baseball glove from his garage before heading down to Rogers Centre for Wednesday’s game against the New York Yankees.
With Aaron Judge on the verge of baseball history, Lasagna wanted to be prepared just in case the Yankees slugger hit his 61st homer of the season.
“I would never ever bring a glove other than this situation,” Lasagna said. “I needed a bigger one.”
The 37-year-old Toronto restaurant owner came agonizingly close to catching the historic ball when Judge went deep in the seventh inning.
Lasagna stretched over the railing but the ball hit the wall just a few feet below and bounced into the Toronto bullpen. A Yankees security official later came by to collect it.
The blast tied Judge with Roger Maris, who set the American League’s single-season home run record in 1961.
Lasagna bought his ticket in the front row of the 100 level thinking it would improve his odds of catching the ball if Judge went deep.
“In the front row I felt like you’ve got the best chance,” he said. “Lo and behold, I was just a few feet away.”
Lasagna said the anticipation built during every Judge at-bat.
“It’s like you’re in the game, you’re fielding and getting ready for the pitch,” he said. “When he hit the ball, it was like ‘Oh my God! Oh my God!’ I think I hit my buddy in his neck (as I stretched out). I almost got it.”
Lasagna could only look down into the bullpen as the ball — which could have been worth big bucks to a collector — bounced a couple times before it was picked up.
“The disbelief comes over you and just the shock and the amazement,” he said. “I was like, ‘Oh my God, I almost had it.'”
One fan seated near Lasagna, still clearly frustrated at just missing the ball, declined to be interviewed.
Lasagna, sporting a baby blue Vladimir Guerrero Jr., jersey, said he would have kept the ball if he had caught it.
“I would have held on to it for as long as I could (to) negotiate,” he said. “Maybe get Judge to try to come to the restaurant.”
This report by The Canadian Press was first published Sept. 28, 2022.
Follow @GregoryStrongCP on Twitter.
'Gangsta's Paradise' rapper Coolio dies at age 59
LOS ANGELES (AP) — Coolio, the rapper who was among hip-hop’s biggest names of the 1990s with hits including “Gangsta’s Paradise” and “Fantastic Voyage,” died Wednesday at age 59, his manager said.
Coolio, whose legal name was Artis Leon Ivey Jr., died at the Los Angeles home of a friend, longtime manager Jarez Posey told The Associated Press. The cause was not immediately clear.
Coolio won a Grammy for best solo rap performance for “Gangsta’s Paradise,” the 1995 hit from the soundtrack of the Michelle Pfeiffer film “Dangerous Minds” that sampled Stevie Wonder’s 1976 song “Pastime Paradise.”
He was nominated for five other Grammys during a career that began in the late-1980s.
Born in Monessen, Pennsylvania south of Pittsburgh, Coolio moved to Compton, California, where he went to community college. He worked as a volunteer firefighter and in airport security before devoting himself full-time to the hip-hop scene.
His career took off with the 1994 release of his debut album on Tommy Boy Records, “It Takes a Thief.” It’s opening track, “Fantastic Voyage,” would reach No. 3 on the Billboard Hot 100.
A year later, “Gangsta’s Paradise” would become a No. 1 single, with its dark opening lyrics:
“As I walk through the valley of the shadow of death, I take a look at my life and realize there’s not much left, ‘cause I’ve been blastin’ and laughin’ so long, that even my mama thinks that my mind is gone.”
Jonathan Landrum Jr. And Andrew Dalton, The Associated Press
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