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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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Trump Floats Air Support for Ukraine, Affirms No U.S. Ground Troops

                                            U.S. President Donald Trump

In a fresh round of high-stakes diplomacy, U.S. President Donald Trump has ruled out deploying American ground forces to Ukraine while signalling that Washington could provide air power as part of a potential peace framework with Russia.

The announcement came after Trump hosted Ukrainian President Volodymyr Zelensky and key European leaders at the White House, just days after meeting Russian President Vladimir Putin in Alaska. According to Trump, European nations such as France and the UK may take the lead in sending troops to secure any settlement, while the U.S. would focus on aerial capabilities — a move he described as leveraging America’s unmatched air assets.

Putin has reportedly agreed in principle to meet Zelensky under Western security guarantees, though Kyiv and European capitals remain cautious. Possible summit venues range from Geneva to Budapest, with Moscow’s proposal swiftly rejected by Ukraine.

White House officials confirmed that air support remains “an option and a possibility,” though details are scarce. Analysts note such support could include missile defence systems, no-fly zone enforcement, or logistical air operations — all of which carry the risk of direct confrontation with Russia.

European leaders are now coordinating next steps, including potential sanctions to pressure Moscow, as discussions over security guarantees continue.

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