Skip to main content

Featured

Why Your Grocery Bill Keeps Rising — And What You Can Do About It

  It's not just gas. Canada's food inflation hit its highest pace in over a year in May 2026 — and produce prices are leading the charge. MoneySavings.ca  |  June 27, 2026 If your grocery receipts have been giving you sticker shock lately, you're not imagining things. Canada's official inflation figures, released by Statistics Canada on June 22, confirm that food prices are climbing faster than the overall cost of living — and have been for 16 consecutive months . If you're trying to figure out why your weekly shop costs so much more than it did a year ago, here's a plain-English breakdown — and some practical steps you can take to soften the blow. By the Numbers — May 2026 (Statistics Canada) Overall CPI: +3.2% year over year (highest since December 2023) Grocery prices (food purchased from stores): +4.3% year over year Fresh vegetables: +9.0% year over year Fresh fruit: +5.3% year over year Tomatoes: +45.2% year over year Lettuce: +10.7% year over year G...
Post a Comment
Read more

article

Labels

Trans Mountain's $1.25-Billion Payment: A Boost for Canada's Energy Vision

Trans Mountain Corp. is set to pay the federal government $1.25 billion in 2025, marking a significant financial milestone for the federally owned oil pipeline. This payment is largely attributed to record shipments on the expanded pipeline system and a refinancing deal that has reduced costs.

Since the commercial launch of the expanded pipeline system on May 1, 2024, Trans Mountain has seen an average daily throughput of 757,000 barrels in the first quarter of 2025, reaching 90% capacity in March. The refinancing deal, executed in December 2024, allowed Canada TMP Finance Ltd. to repay $17.9 billion in debt, reducing interest costs and aligning Trans Mountain’s financial structure with industry standards.

Trans Mountain’s chief executive, Mark Maki, emphasized the company’s commitment to supporting Ottawa’s vision of making Canada an energy superpower. With increased revenue and optimized operations, the pipeline is expected to play a crucial role in the country’s energy sector moving forward.

This financial development underscores the pipeline’s growing impact on Canada’s economy and energy infrastructure, setting the stage for further expansion and investment in the years ahead.

Labels:

Comments

Post a Comment