Skip to main content

Featured

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 ...
Post a Comment
Read more

article

Record Heat Wave Sweeps US Northeast: NYC to Reach 98°F

 

New York and the rest of the US Northeast are about to experience scorching temperatures due to a record-breaking heat wave. Here are the key points:

  1. Heat Wave Intensity:

    • Manhattan’s Central Park is expected to reach 98°F (37°C) by Friday, according to the National Weather Service.
    • The worst of the heat will impact the Midwest, upstate New York, and New England before descending on New York City and Washington.

  2. Implications:

    • The heat wave will boost electricity demand and raise health risks.
    • Commuters may face challenges due to the extreme weather conditions.
    • Heat-related illnesses are a concern, and New York Governor Kathy Hochul has warned residents about the severity of the heat wave.

  3. Regional Impact:

    • Over 120 daily high temperature records may be broken or tied across the US, with the majority in the Midwest, Mid-Atlantic, and New England.
    • New England is likely to experience the most intense heat, with Concord, New Hampshire, possibly reaching 101°F on Thursday.
    • The heat will also extend into Canada, affecting cities like Montreal and Toronto.

  4. Weather Pattern:

    • A large high-pressure system over the eastern US will trap the heat, intensifying the conditions.
    • While New England may see some relief later in the week, New York and Washington will likely remain hot.

In summary, stay prepared for extreme heat, take necessary precautions, and stay hydrated during this intense weather event. 


Comments

Post a Comment