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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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Ukraine Signals Readiness for Ceasefire Amid U.S. Push for Peace

 

In a significant development, Ukraine has expressed its willingness to accept a U.S.-proposed 30-day ceasefire, contingent on Russia's agreement. This announcement follows high-level peace talks held in Jeddah, Saudi Arabia, between Ukrainian and U.S. officials. The proposed ceasefire, which could be extended by mutual consent, aims to halt hostilities and pave the way for lasting peace.

The United States has emphasized that the success of this initiative hinges on Russia's reciprocity. U.S. Secretary of State Marco Rubio remarked, "The ball is in Russia's court," underscoring the importance of Moscow's cooperation in achieving peace. The U.S. has also pledged to resume military aid and intelligence sharing with Ukraine, signaling its commitment to supporting Kyiv during this critical juncture.

The talks in Saudi Arabia also touched on broader issues, including potential prisoner exchanges and the return of Ukrainian children taken to Russia. Both sides have expressed hope that this ceasefire could serve as a stepping stone toward ending the three-year-long conflict.

As the world watches, the focus now shifts to Russia's response. Will Moscow seize this opportunity for peace, or will the conflict continue to claim lives and devastate communities? The coming days will be crucial in determining the trajectory of this war.

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