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Canada's Inflation Hits 3.2% — What It Means for Your Wallet

  Gas prices surged 33% year-over-year. Grocery bills keep climbing. And the Bank of Canada is walking a tightrope between fighting inflation and protecting a fragile economy. Here's the breakdown — and what comes next. MoneySavings.ca   |  June 23, 2026  |   Canadian Money Brief By the Numbers — May 2026 CPI Headline Inflation (year-over-year) 3.2% Previous Month (April 2026) 2.8% Market Expectations 3.0% Gasoline (year-over-year) +33.2% Grocery Inflation (year-over-year) +4.3% Fresh Vegetables (year-over-year) +9.0% Shelter Costs (year-over-year) +1.7% BoC Core Inflation (trimmed-mean) ~2.0% Bank of Canada Policy Rate 2.25% (held) Canada's inflation rate jumped to 3.2% in May 2026 , Statistics Canada reported Monday — beating analyst forecasts of 3.0% and marking the fastest annual increase since December 2023. Month-over-month, consumer prices rose a full 1.0%, with a seasonally adjusted gain of 0.5%. The headline number is uncomfortable. But the st...
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US Futures Edge Up as Investors Await Earnings and Fed Meeting

 

US stock futures nudged higher today as investors brace for a busy week of corporate earnings and the kickoff of the Federal Reserve’s policy meeting. Futures on the S&P 500, Dow Jones Industrial Average, and Nasdaq 100 all rose by approximately 0.2% in pre-market trading.

This week is pivotal for the markets, with major companies like Microsoft, Apple, Amazon, and Meta set to report their quarterly earnings. Investors are particularly keen to see if the substantial investments in artificial intelligence by these tech giants are beginning to yield returns.

In addition to earnings, the Federal Reserve’s policy meeting, starting today, is in sharp focus. While no change in interest rates is expected, the meeting could lay the groundwork for a potential rate cut in September, following encouraging inflation data from June.

The market’s attention is also on the July jobs report, which will be released later this week. This report, along with the Fed’s decisions and corporate earnings, will be crucial in determining whether the recent stock pullback has ended.

Stay tuned as this week unfolds, bringing significant developments that could shape the market’s direction in the coming months.


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