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AIR MILES Is Gone. Here's What Actually Earns You Travel Now

  If you've been holding onto a Air Miles card waiting to redeem for a flight, the program you signed up for doesn't exist anymore — and the cards that replaced it aren't the best game in town. If you searched "best AIR MILES credit card" and landed here, there's something you need to know first: there is no such thing anymore. AIR MILES, the loyalty program that's been part of Canadian wallets since 1992, officially became BMO Blue Rewards on June 2, 2026. BMO had already stopped issuing new AIR MILES cards back in January, and every collector's Miles converted automatically into Blue Points at a rate of roughly 1 Air Mile to 15.79 Blue Points — no action needed, no lost value. That's good news if you're a longtime collector sitting on a pile of Miles. It's less good news if you were hoping to earn free flights that way going forward, because Blue Rewards was built to compete with PC Optimum and Scene+ — grocery, gas, and everyday spendi...
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Gas Prices Cool Headline Inflation, But Core Pressures Persist in Canada

 

                                           A shopper is seen in the produce aisle of a grocery store in Toronto.  


Canada’s annual inflation rate slowed to 1.7% in July, down from 1.9% in June, as sharply lower gasoline prices helped ease overall consumer costs. Gas prices fell 16.1% year-over-year, driven by increased oil production, easing geopolitical tensions, and the removal of the federal carbon levy on fuel.

However, beneath the headline figure, core inflation measures remained elevated, signalling persistent price pressures in key sectors. The CPI-median rose to 3.1%, while the CPI-trim held steady at 3% — both near the upper end of the Bank of Canada’s 1–3% target range.

Food prices climbed 3.3%, with notable increases in confectionery and coffee products due to poor harvests in major producing countries. Shelter costs also rose 3%, marking the first acceleration since early 2024, as rent growth hit 5.1%.

The softer headline inflation has prompted markets to slightly increase bets on a potential rate cut at the Bank of Canada’s September 17 meeting, though policymakers may remain cautious given the stickiness of core measures.


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