Donald Trump is preparing to reenter the White House in January 2025, with inflation expected to be a top priority on his administrations economic agenda. After years of record-breaking price hikes under President

Canada's annual inflation rate accelerated more than expected to 2.0% in October as gas prices fell less than the previous month, data showed on Tuesday, likely diluting chances of another large rate cut in December.

Inflation in Canada rose by more than forecast and underlying price pressures reaccelerated, hiccups that may dissuade policymakers from a second straight 50 basis-point cut to interest rates next month.

The Consumer Price Index — a broad-based measure of inflation — was 2.0 per cent higher than it was a year ago, up from 1.6 per cent in September. That puts it bang-on the Bank of Canada’s inflation target, but was higher than most economists had expected.