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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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Wall Street Rallies as Trump’s Fed Nomination and Tariff Moves Stir Markets

 


Markets Climb Amid Political Shifts

U.S. stocks rose Friday as Wall Street reacted to President Trump’s nomination of Stephen Miran to the Federal Reserve Board of Governors and assessed the impact of sweeping new tariffs. The Dow Jones Industrial Average gained 0.6%, the S&P 500 rose 0.8%, and the Nasdaq climbed nearly 1%, marking its second consecutive record close.

Fed Speculation Fuels Investor Optimism

Miran’s nomination, coupled with Trump’s ongoing search for a new Fed chair, has intensified speculation about future interest rate cuts. With nearly 90% of bets favoring a rate reduction in September, investors are positioning for a more dovish monetary stance.

Tariffs and Gold Shake Commodities

Gold futures surged to intraday record highs, briefly touching $4,490 per ounce, before retreating amid confusion over tariffs on Swiss gold bar imports. The White House announced an upcoming executive order to clarify the situation, which had rattled precious metals markets earlier in the day.

Week in Review

Despite a rocky start driven by weak job data and tariff uncertainty, major indexes are on track to close the week with gains. Corporate earnings and resilience in tech stocks, particularly Apple, helped buoy investor sentiment..

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