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5 Things Every Canadian Should Know About Their Money Today

                                          Thursday, May 7, 2026 · moneysavings.ca/canadian-money-brief Good morning, Canada. Here are the five money stories shaping your financial decisions right now. 1. Ottawa Highlights Spring Economic Priorities Finance Minister François‑Philippe Champagne continues a two‑day Toronto tour outlining the government’s push for a more resilient, independent Canadian economy , with discussions focused on financial crime, payment modernization, and geopolitical risks .  2. Inflation Pressures Persist for Households Recent economic commentary warns Canadians to expect higher grocery, fuel, and travel costs , adding an estimated $400–$600 to the annual food budget for a family of four. Rising shipping and transport costs remain key drivers.  3. Housing Market Stagnates in Major Cities Vancouver and Toronto continue to s...
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U.S. Futures Steady as Investors Await Economic Data and Powell’s Speech

 

U.S. stock index futures remained largely unchanged on Thursday morning as investors awaited key economic data and a speech by Federal Reserve Chair Jerome Powell. The producer price index (PPI) for October and weekly jobless claims data are expected to be released at 8:30 a.m. ET, which could provide insights into corporate pricing power and the broader economic outlook.

Market participants are also keenly anticipating Powell’s comments later in the day, hoping for clues on future monetary policy. Traders are currently pricing in a high probability of a 25-basis point interest rate cut at the Fed’s December meeting, following recent consumer price index data that aligned with forecasts.

In premarket trading, Dow E-minis were up 0.19%, S&P 500 E-minis rose 0.09%, and Nasdaq 100 E-minis edged up 0.04%. Shares of cryptocurrency-focused companies saw gains, with Coinbase Global up 3.8% and bitcoin buyer MicroStrategy rising 3.4%.

Investors will be closely monitoring Powell’s speech for any indications of how the Fed plans to navigate the current economic landscape, especially in light of inflationary pressures and potential policy shifts under the incoming administration.


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