Will inflation let up?

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How to navigate rising energy costs and inflation
Some consumers may consider pressing the brakes on their road trips this summer as gas prices continue to skyrocket. In the United States, gas prices jumped nearly 50 percent year-over-year, driving up energy prices 34.6 percent. The war in Ukraine and supply chain effects have only exacerbated price pressures. These energy price increases, along with spikes in food prices and the shelter index, drove inflation to 8.6 percent in May. And while US inflation has quadrupled over the past two years, it’s risen considerably elsewhere, too, including Greece, Israel, Italy, and Spain. Check out these insights on the trends shaping the energy landscape and bookmark this special collection on inflation to stay up to speed.
Read more
Global Energy Perspective 2022
Global Energy Perspective 2022
We’re in the midst of an energy transition that continues to evolve.
Understand the dynamics >
Outsprinting the energy crisis
High energy costs are hitting Europe's industrial players hard. Bold action could protect margins today and make companies cleaner, stronger, and more profitable for the future.
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Global Economics Intelligence executive summary, May 2022
Central banks move against inflation; US industry expands while China's economy contracts amid COVID-19 measures; supply challenges persist.
Get updated   >
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Decarbonizing the world’s industries: A net-zero guide for nine key sectors
The sectors that produce the majority of global greenhouse-gas emissions face a steep challenge to decarbonize, but our research shows that solutions are within reach. In many cases, a transformation is well underway.
Understand the options >
Navigating inflation: A new playbook for CEOs
Few chief executives have faced the challenge of leading a company through an inflationary spike like today's. Lessons from strong leaders and bold action can help CEOs make the decisions that only they can make.
Make smart moves   >
Deflating golden balloon caught in barbed wire
War in Ukraine: Twelve disruptions changing the world
The war is devastating lives and roiling markets. Here we track the disruptions that seem likely to shape lives and livelihoods, beyond the immediate crisis.
Navigate the crisis   >
Winning the race with inflation: The pricing opportunity for industrial companies
Winning the race with inflation: The pricing opportunity for industrial companies
As inflation rises, industrial companies must take a new look at pricing.
Try a new approach   >
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Snapshot of global oil supply and demand
Snapshot of global oil supply and demand: May 2022
Our dashboard explores key short-term signposts impacting oil demand, supply, and prices.
See the fluctuations >
To see more essential reading on topics that matter, visit McKinsey Themes.
— Curated by Eleni Kostopoulos, a digital publishing manager based in New York
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Global Toronto Headlines: Sunday, Jun. 26, 2022

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Daily Headlines

June 26, 2022
 
 
CANADA June 26, 2022 9:13 am

Tens of thousands expected as Sunday’s Toronto Pride parade makes in-person return

The first in-person Toronto Pride parade since the onset of the COVID-19 pandemic is slated to head south down Yonge Street before descending on Yonge-Dundas Square.

Continue reading →
ENVIRONMENT June 26, 2022 11:21 am

Heat warning continues for Toronto, Windsor as temperatures hit 30s

Environment Canada said the heat warning would continue through the day and end by Sunday evening, when “considerably cooler and less humid air” is set to arrive.

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CANADA June 26, 2022 1:48 pm

‘No Pride in Policing’ march takes place in downtown Toronto

The march, organized by the No Pride in Policing Coalition and by No More Silence, began in Nathan Philips Square at 11 a.m.

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POLITICS June 26, 2022 11:00 am

'I'm very worried': Former Tory Senate leader on Poilievre, convoys and the party's future

Conservatives risk “fracturing beyond repair” over its convoy support and fractious leadership contest, says a former Stephen Harper advisor and Conservative Senate leader.

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Marjory LeBreton
TRENDING June 24, 2022 1:11 pm

Boy, 4, given accidental vasectomy during hernia surgery, Texas lawsuit says

The child went in for routine hernia surgery but the family says the doctor cut the wrong tube.

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A doctor prepares for a surgical procedure at a hospital in this file photo.
ECONOMY June 23, 2022 3:48 pm

Bank of Canada faces rare political heat as inflation soars

The Bank of Canada is now being forced to play catch-up, hiking interest rates more aggressively than originally expected just as household debt levels hit new highs.

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Bank of Canada

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CANADA June 23, 2022 6:02 pm

Canada has 3 of the world’s most liveable cities in 2022

Three Canadian cities cracked this year’s top 10 list, but only one ranked in the top three.

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SPORTS June 26, 2022 10:13 am

Toronto Blue Jays redesign Fourth of July hats, remove stars

All 30 Major League Baseball teams were originally scheduled to wear special hats decorated with American emblems to celebrate Independence Day in the United States.

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