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Groceries Are Getting Pricier Again: How Canadians Can Save

  Groceries Are Getting Pricier Again: How Canadians Can Save If your grocery bill feels heavier lately, you're not imagining it. Food prices in Canada have jumped significantly in 2026 , and families across the country are feeling the squeeze at checkout. According to recent data, vegetables and meat are each up more than 9% year-over-year, and the average family of four is projected to spend about $994 more on groceries in 2026 than in 2025 . For many households, that's nearly $1,000 in extra food costs they weren't expecting. But here's the good news: you don't have to accept higher grocery bills as inevitable . With the right strategies and a bit of planning, you can fight back against inflation and keep your food budget in check. We've compiled the most practical, actionable tips that work for Canadian households right now. The Reality Check: Canada's inflation rate hit 2.4% in June, with food prices leading the way. Ontario is experiencing the highest...
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Mixed Bank Earnings Offset Cooler-Than-Expected Inflation News

 


On Friday, January 12th, 2024, the US stock market closed with little change as mixed bank earnings offset cooler-than-expected inflation news that buoyed hopes for interest-rate cuts from the Federal Reserve. The Dow Jones Industrial Average fell 118.04 points, or 0.31%, to 37,592.98. The S&P 500 gained 3.59 points, or 0.08 %, at 4,783.83 and the Nasdaq Composite rose 2.58 points, or 0.02%, to 14,972.76.

Bank of America’s fourth-quarter profit shrank as the lender took $3.7 billion in one-off charges. Wells Fargo’s warning of a 7% to 9% drop in net interest income in 2024 sent the bank’s shares down 3.34%. UnitedHealth fell on higher-than-expected medical costs. Tesla fell after flagging output hit from Red Sea disruption.

The data showed U.S. producer prices unexpectedly fell in December as the cost of goods such as food and diesel fuel declined, while prices for services were unchanged for a third consecutive month, in contrast to Thursday’s hotter-than-expected consumer inflation reading. Expectations for a rate cut of at least 25 basis points by the Fed in March moved up to 79.5%, according to CME’s FedWatch Tool, from 73.2% in the prior session.


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