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5 Things to Know Today — Saturday, June 27, 2026

  Your fast briefing on what's moving Canadian money this weekend. 1 Inflation Is Back Above 3% — And Groceries Aren't Helping Canada's annual inflation rate climbed to 3.2% in May , its highest reading since December 2023, beating analyst expectations of 3.0%. The main culprit was gasoline, where prices surged 33.2% year over year as Middle East supply disruptions continued to ripple through Canadian pumps. Grocery shoppers felt it too: food purchased at stores rose 4.3% annually, with fresh vegetables up 9% and tomatoes spiking a staggering 45.2% — a direct result of poor weather and reduced planting in Mexico following U.S. tariff uncertainty. The silver lining is that shelter inflation continued to ease, sitting at just 1.7%, and economists expect May to mark the peak for headline inflation this year as oil prices have since moderated. Source: Statistics Canada, June 22, 2026 2 Bank of Canada Holds at 2.25% — Fifth Pause in a Row On June 10, the Bank of Canada kept its ...
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Fireworks from Yacht Spark Forest Fire in Greece: 13 Arrested

 

Thirteen crew members and passengers have been arrested in Greece after fireworks launched from a yacht allegedly sparked a forest fire on the island of Hydra. The blaze, which occurred on Saturday, burned through the island’s only pine forest in the remote area of Bisti.

Despite the challenging conditions, firefighters managed to bring the flames under control. Accessing the beach by sea and using helicopters to drop water from the air, they successfully contained the fire. However, the incident has caused outrage in Greece, especially given the ongoing wildfires and the country’s first heatwave of the year.

Hydra’s mayor, Giorgos Koukoudakis, expressed indignation, stating, “We are indignant that some people so irresponsibly throw fireworks into a pine forest.” Social media users have also criticized the yacht’s passengers, with one person describing them as “rich people with more money than brains.”

Greece remains on high alert for wildfires, and authorities are preparing for a challenging summer due to dry conditions, strong winds, and high temperatures. Last Friday, a volunteer firefighter tragically lost his life while battling a fire in the southern region of Ilia on the Peloponnese peninsula. Scientists attribute the increasing frequency and intensity of extreme weather events, including heatwaves, to climate change. Additionally, Greece has grappled with arsonists, with stricter laws now in place to combat such behavior.


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