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Why Your Grocery Bill Keeps Rising — And What You Can Do About It

  It's not just gas. Canada's food inflation hit its highest pace in over a year in May 2026 — and produce prices are leading the charge. MoneySavings.ca  |  June 27, 2026 If your grocery receipts have been giving you sticker shock lately, you're not imagining things. Canada's official inflation figures, released by Statistics Canada on June 22, confirm that food prices are climbing faster than the overall cost of living — and have been for 16 consecutive months . If you're trying to figure out why your weekly shop costs so much more than it did a year ago, here's a plain-English breakdown — and some practical steps you can take to soften the blow. By the Numbers — May 2026 (Statistics Canada) Overall CPI: +3.2% year over year (highest since December 2023) Grocery prices (food purchased from stores): +4.3% year over year Fresh vegetables: +9.0% year over year Fresh fruit: +5.3% year over year Tomatoes: +45.2% year over year Lettuce: +10.7% year over year G...
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US Futures Fall as Rate-Cut Bets Get a Reality Check

 


US stock futures fell on Wednesday, signaling no let-up in a rough January. Investors’ optimism for interest rate cuts got a reality check, and worries about China’s economy grew. Dow Jones Industrial Average ( ^DJI) futures fell 0.4%, while S&P 500 ( ^GSPC) futures slid 0.4%, set to build on Tuesday’s losing start to the holiday-shortened week. 

Futures on the tech-heavy Nasdaq 100 ( ^NDX) were down roughly 0.5%. Stocks have struggled as policymakers push back against persistent bets that central banks will cut rates early and often in 2024. ECB president Christine Lagarde on Wednesday joined the likes of Federal Reserve Governor Chris Waller in warning that expectations of imminent loosening are too high. Another knockback came from disappointing GDP data suggesting that China’s growth is flagging despite stimulus measures. 

Oil prices fell amid fears of a pullback in demand from the world’s second biggest economy. Hopes now rest on quarterly earnings, with the season set to pick up pace, and the release of the December retail sales report later Wednesday. 

Fed officials have been keen to stress that their policy decision making will be driven by incoming economic data. Regional bank fourth-quarter results are in focus in the morning after earnings from Wall Street’s big lenders got a mixed reception.

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