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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...
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Canada Shelves Digital Services Tax to Smooth Trade Relations with U.S.



In a significant shift in policy, the federal government has announced it will retract its proposed digital services tax (DST), citing progress in trade negotiations with the United States. The decision marks a diplomatic pivot aimed at easing cross-border tensions and advancing economic cooperation between the two nations.

Originally introduced as a means to ensure that multinational tech giants pay their fair share of taxes in Canada, the DST faced stiff opposition from U.S. lawmakers and companies. Critics warned the measure could trigger retaliatory tariffs and complicate efforts to modernize the Canada-U.S. trade relationship.

Government officials framed the rollback as a strategic move to bolster trust and goodwill in trade dialogues, while reaffirming Canada’s commitment to a multilateral solution through the OECD’s global tax framework. The federal finance minister emphasized that the government still supports fair taxation in the digital economy but acknowledged the importance of “cooperative solutions over unilateral measures.”

The decision is expected to be well-received by U.S. counterparts and may set the stage for renewed momentum on broader economic agreements.



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