Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Israel Intensifies Strikes on Gaza City Outskirts as Full Offensive Looms

Smoke rises following an Israeli strike in Gaza City on 24 August.

Israeli forces have escalated bombardments on the outskirts of Gaza City, targeting neighborhoods such as Zeitoun, Shejaia, and Sabra, in what officials describe as preparatory moves for a larger ground offensive. Witnesses reported relentless overnight explosions, with tanks shelling homes and roads, and airstrikes leveling buildings in multiple districts.

Prime Minister Benjamin Netanyahu’s government has approved a plan to seize control of Gaza City, a move expected to begin in the coming weeks. The Israel Defense Forces say the operation aims to dismantle Hamas’ remaining strongholds and prevent militants from re-establishing positions in cleared areas.

The intensified military activity comes amid a worsening humanitarian crisis. According to the Hamas-run Gaza health ministry, hundreds have died from malnutrition and starvation since the war began, with famine now officially declared in Gaza City and surrounding areas. Around half of Gaza’s two million residents remain in the city, many facing acute shortages of food, water, and shelter.

International mediators in Egypt and Qatar are attempting to revive ceasefire talks, but Israel’s leadership has vowed to continue military operations unless all hostages are released and Hamas agrees to end the conflict on Israel’s terms.


Labels:

Comments

Post a Comment