Surging prices compounding inflation’s toll

Gas prices in Canada are continuing to smash records, setting the stage for potentially lasting consequences on everything from the cost of goods to consumer behaviour. The price of a litre of gasoline jumped to an eye-watering 222.9 cents in Vancouver Monday as prices at pumps across the country trended up over the weekend. Experts say rising gas prices are compounding inflation’s economic toll on Canadians as higher fuel prices have a knock-on effect throughout the economy, pushing up prices and hurting consumer sentiment.