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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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Tragedy Strikes Vancouver Street Festival: Nine Lives Lost in SUV Incident


A devastating incident unfolded at Vancouver's Lapu Lapu Day Block Party on Saturday evening, leaving nine people dead and multiple others injured. The festival, celebrating Filipino culture, was winding down near East 41st Avenue and Fraser Street when a black SUV plowed into the crowd at high speed.

Eyewitness accounts describe the scene as chaotic, with bodies scattered across the street and bystanders rushing to assist the injured. The driver, a 30-year-old Vancouver man, was restrained by festival-goers until police arrived. Authorities have confirmed that the suspect is known to them and have ruled out terrorism as a motive.

The Lapu Lapu Day Block Party, named after a Filipino resistance fighter, had drawn thousands of attendees throughout the day. The tragedy has left the community in shock, with Vancouver Mayor Ken Sim expressing his condolences and support for the victims and their families.

Investigations are ongoing, and the Vancouver Police Department's Major Crime Section is leading the case. The city mourns the loss of lives and grapples with the aftermath of this horrific event.

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