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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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Markets Rally as Geopolitical Tensions Ease, Oil Prices Tumble

U.S. stocks surged on Monday as investors welcomed signs of de-escalation in the Middle East following Iran’s limited retaliation to U.S. airstrikes. The Dow Jones Industrial Average climbed 0.9%, gaining over 350 points, while the S&P 500 and Nasdaq each rose nearly 1%, snapping a three-day losing streak.

The market rebound was fueled by Iran’s measured response—missile strikes on a U.S. base in Qatar that caused no casualties—which analysts interpreted as a signal that Tehran is not seeking further escalation. President Trump echoed that sentiment, suggesting Iran had “gotten it all out of their system” and expressing hope for peace talks.

Oil prices, which had spiked on fears of broader conflict, reversed sharply. Brent crude fell 7% to $71.48 per barrel, and WTI dropped to $68.51, as investors reassessed the risk of supply disruptions in the Strait of Hormuz.

Adding to the market’s optimism, Federal Reserve Governor Michelle Bowman voiced support for a potential interest rate cut as early as July, boosting hopes for monetary easing amid global uncertainty.

Tesla also made headlines, with shares jumping 8% after a successful robotaxi test launch in Austin, further energizing the tech-heavy Nasdaq.

The day’s gains reflect cautious optimism that diplomacy may prevail, even as markets remain alert to any shifts in the geopolitical landscape.

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