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5 Things to Know Today: 2 Days to Tariffs, Jobs Data Splits, TSX Slips (Sept 6)

  Sunday, September 6, 2026 — here's what actually moves your money this week. 1. TSX Snapped Its Rally Friday as a Blowout U.S. Jobs Report Reignited Fed Rate-Hike Bets The S&P/TSX Composite closed Friday at 36,513.80, down 119.32 points (-0.33%) , giving back part of Thursday's 542-point surge. The reversal came after U.S. nonfarm payrolls jumped by 162,000 — roughly three times what economists expected — while the unemployment rate held at 4.1%. That strong print pushed traders' odds of a Federal Reserve rate hike this month to around 65%, up from 55% before the data . Bank stocks and gold miners both took the hit: TD Bank fell 1%, Scotiabank slipped 0.9%, and Agnico Eagle, Barrick, and Wheaton Precious Metals all retreated as gold prices cooled. What it means for you: A hotter U.S. economy can pull Canadian bond yields higher even when our own labour market is cooling. If you're locking in a mortgage rate this month, keep an eye on the Fed's September 16 d...
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Grocery prices to rise by up to 4.5% in 2024, report predicts

 

The annual Canada’s Food Price Report forecasts that the average Canadian family of four will spend $700 more on food in 2024, reaching a total of $16,297.20. The report, which is produced by four Canadian universities, projects that bakery, meat and vegetables will see the highest price increases, up to 7 per cent.

The report attributes the rising food costs to several factors, including interest rates, energy costs, climate change, transportation expenses and geopolitical risk. However, it also notes that the rate of increase is slowing compared to the previous two years, when the COVID-19 pandemic disrupted the food supply chain and caused inflation to spike.

Some essential items, such as dried pasta, sauces and canned goods, could become cheaper in 2024, as grocery chains compete for customers and benefit from lower commodity prices. The report also suggests that families spent less on groceries in 2023 than in 2022, possibly due to higher housing costs and debt levels.

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