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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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Piña Coladas Recipe

 


Here’s the Piña Coladas recipe a creamy, tropical delight that’s perfect for summer sipping.

Ingredients (Serves 4)

  • 2 cups frozen pineapple chunks
  • 2 cups ice cubes
  • 6 oz (¾ cup) Coco Lopez® Cream of Coconut (not to be confused with unsweetened coconut cream)
  • 2 oz (¼ cup) full-fat unsweetened coconut milk or heavy cream
  • 6 oz (¾ cup) white rum
  • Juice of 1 lime (about 2 tablespoons)
  • Optional garnish: Pineapple slices and/or maraschino cherries

Instructions

  1. Blend: Add pineapple chunks, ice, cream of coconut, coconut milk (or heavy cream), rum, and lime juice to a blender.
  2. Process: Blend on high speed until smooth and frosty. A high-powered blender works best.
  3. Serve: Pour into glasses and garnish with pineapple slices and cherries if desired.
  4. Enjoy immediately for the best texture and flavor.

Notes

  • Coco Lopez® Cream of Coconut is the gold standard for piña coladas. It’s sweet, thick, and found in most supermarkets near cocktail mixers or Latin/Caribbean products.
  • For a virgin version, simply omit the rum.


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