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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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Tech Momentum and Fed Anticipation Propel Wall Street to New Heights

 



U.S. stock futures climbed Wednesday morning, continuing a record-setting streak as investors rallied behind Nvidia’s meteoric rise and anticipated a pivotal decision from the Federal Reserve. The Dow Jones Industrial Average, S&P 500, and Nasdaq 100 futures all posted gains, with the Nasdaq leading at a 0.5% increase, buoyed by tech optimism

Nvidia (NVDA) surged in premarket trading, adding to its recent rally after CEO Jensen Huang’s keynote at the GTC event highlighted new AI partnerships and a bullish outlook for the industry. The company is now nearing a historic $5 trillion market valuation, driven by expectations of $500 billion in AI chip sales

Investor sentiment was further lifted by speculation that former President Trump may ease restrictions on Nvidia’s sales to China, potentially boosting demand for its Blackwell AI processor

Meanwhile, all eyes are on the Federal Reserve, which is widely expected to announce a 25 basis point interest rate cut at 2 p.m. ET—its first since July. Analysts are also watching for signals from Chair Jerome Powell regarding the pace of future easing and the possible end of quantitative tightening by December.

The broader market remains in a “wait-and-see” mode, with earnings reports from major tech players like Amazon, Apple, and Microsoft set to follow. These results could further influence investor confidence and shape the trajectory of the ongoing AI-driven rally.


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