Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally.
– Statistics Canada reported on Tuesday that Canada’s annual inflation rate rose to 2.4 per cent in September, mainly due to higher grocery prices. Groceries were four per cent more expensive than the year before, but gas prices dropped 4.1 per cent year-over-year. Economists expected the inflation rate to be at 2.2 per cent.
– The Ag Transport Coalition reported an improvement in rail system performance for the fifth consecutive week. Canadian National Railway supplied 96 per cent of grain cars ordered by shippers in Week 10 of the 2025-26 marketing year, compared to 92 per cent in the previous week. Canadian Pacific Kansas City was down one point at 91 per cent. Both railways were above the 90 per cent threshold for the second consecutive week.
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– General Motors confirmed on Tuesday it will end production of its BrightDrop electric delivery vans at the CAMI Assembly plant in Ingersoll, Ont., threatening the future of the facility. Production at Ingersoll was paused in May due to lagging demand for electric vehicles. The company also said BrightDrop vehicles will not be made elsewhere, ending the line. Last week, Stellantis announced it was shifting production of its Jeep Compass model from Brampton, Ont. to the United States.
– Sanae Takaichi was elected Japan’s first female prime minister on Tuesday, receiving a slight majority of votes in the lower house, taking 237 votes from the 465-seat chamber. An ultraconservative, Takaichi’s Liberal Democratic Party, which has ruled Japan from most of its post-war history, agreed to a coalition deal with the right-wing Japan Innovation Party on Monday. Rising prices led Japanese voters to take their support to opposition groups, including right-wing parties. She pledged to increase national defence spending as well as deepen ties with the U.S. and other security partners.
