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5 Things to Know Today: Inflation Data, Gas Prices & a Mortgage Rate Gap (July 20, 2026)

  July 20, 2026 Here's what's moving Canadian wallets today: a big inflation number lands this morning, gas prices are climbing again, mortgage shoppers are staring at the widest fixed-variable gap in years, and there's a fresh scam warning from the CRA. 1. Statistics Canada releases June inflation data today Statistics Canada is publishing the June Consumer Price Index this morning. Economists polled by Reuters expect the headline rate to ease to roughly 2.9%, down from May's 3.2% — which had been the fastest pace since late 2023. The expected improvement comes mainly from a temporary lull in gasoline prices last month, though the Bank of Canada has already warned that the outlook remains clouded by the Middle East conflict and unresolved trade issues with the United States. What it means for you: A softer number would be welcome, but don't expect it to last — gas prices have already jumped again in July. Grocery and household budgets should stay tight through the...
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Global Trade Tensions Surge as Tariffs Climb to 125%


In an unexpected move, tariffs have been raised to a significant 125%, sending shockwaves across global trade markets. This steep increase has sparked intense debates among governments, economists, and businesses alike, as the implications are far-reaching.

Supporters of the hike argue that it will protect domestic industries from foreign competition, fostering local economic growth and employment. They see the move as a necessary measure in an increasingly competitive global economy.

However, critics warn of potential consequences, including higher prices for consumers, disrupted supply chains, and strained international relations. Many industries reliant on imported goods are already voicing concerns over the financial strain this decision could impose.

As the dust settles, stakeholders are left to navigate an increasingly complex trade environment. How this decision will ultimately impact global commerce remains a critical question.



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