World Report December 4: Thursday's top stories in 10 minutes
Dec 4, 2025
Grocery prices in Canada are set to rise by 4-6% next year, affecting daily budgets. In a surprising move, Prime Minister Carney, President Trump, and President Sheinbaum will share the stage for the FIFA World Cup Draw despite ongoing trade tensions. High-stakes peace talks between Ukraine and U.S. envoys are taking place in Miami. In troubling news, recent Israeli airstrikes near Khan Yunis have resulted in civilian casualties. Meanwhile, Australia initiates a groundbreaking ban on social media access for those under 16, and a retiree falls victim to a clever deepfake scam in a shocking cryptocurrency theft.
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Rising Grocery Costs In 2026
- Canadian researchers predict grocery prices will rise 4–6% in 2026, driven by supply chain, climate and geopolitical factors.
- A family of four could spend about $17,600 on food, almost $1,000 more than this year.
Meat Prices And Climate Pressure
- Meat prices, especially beef, may rise as much as 7% due to ranchers leaving the industry and shifting demand to chicken.
- Climate impacts on products like coffee and cocoa will continue to pressure prices and supply chains.
Shopper Plans To Cut Meat
- Shopper Sabra Al-Harthy says she'll cut back on meat and change her diet to cope with rising food costs.
- She notes rent rose while pay stayed the same, limiting how much she can reduce expenses.