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Canada's Inflation Hits 3.2% — What It Means for Your Wallet

  Gas prices surged 33% year-over-year. Grocery bills keep climbing. And the Bank of Canada is walking a tightrope between fighting inflation and protecting a fragile economy. Here's the breakdown — and what comes next. MoneySavings.ca   |  June 23, 2026  |   Canadian Money Brief By the Numbers — May 2026 CPI Headline Inflation (year-over-year) 3.2% Previous Month (April 2026) 2.8% Market Expectations 3.0% Gasoline (year-over-year) +33.2% Grocery Inflation (year-over-year) +4.3% Fresh Vegetables (year-over-year) +9.0% Shelter Costs (year-over-year) +1.7% BoC Core Inflation (trimmed-mean) ~2.0% Bank of Canada Policy Rate 2.25% (held) Canada's inflation rate jumped to 3.2% in May 2026 , Statistics Canada reported Monday — beating analyst forecasts of 3.0% and marking the fastest annual increase since December 2023. Month-over-month, consumer prices rose a full 1.0%, with a seasonally adjusted gain of 0.5%. The headline number is uncomfortable. But the st...

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Travel Tips: 7 Tips for Overseas Flights


Travel Tips: 7 Tips for Overseas Flights



 Here are some tips for overseas flights that can help you prepare for your trip:

  1. Pack lightly. Overpacking can be a hassle when you’re traveling overseas. You don’t want to carry too much luggage around with you. Try to pack only what you need and leave the rest at home.

  2. Choose an aisle seat. On long flights, it’s recommended that you get up and walk to stretch your muscles and avoid blood clots in your legs. This is much easier to do in an aisle seat, so book one as soon as you book your ticket.

  3. Use travel apps. Apps can be a savior when traveling, but especially when you’re abroad. You can use travel apps to keep in touch with your airline, translate different languages, search for services at airports, choose your seats and myriad other tasks.

  4. Dress comfortably. On a long flight, you want to look well-dressed, but you also want to be comfortable. Wear clothes that are loose-fitting and comfortable.

  5. Arrive early. Most airlines want you at the airport at least two hours before your flight takes off, especially if you’re leaving from a U.S. international gateway airport. It will give you time to check your bags, check-in, navigate the airport security checkpoint and get to your gate in plenty of time and arrive stress-free.

  6. Zip through customs. Those who travel internationally know that U.S. Customs and Immigration lines can be a nightmare, especially at peak arrival times at the major international U.S. airports. Smart travelers carry the Global Entry card, which speeds you right past the Immigration and Customs lines.

  7. Lounge around. Because you need to be at the airport so far in advance, consider paying for access to an airline-branded or airport lounge.

I hope these tips help! Let me know if there’s anything else I can help with.


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