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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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House Prepares Vote to End Record-Breaking Shutdown

                                   Republicans currently hold a narrow 219-213 majority in the House.

The U.S. House of Representatives is set to vote on a bipartisan deal aimed at ending what has become the longest government shutdown in American history. The shutdown, which has stretched on for weeks, has left hundreds of thousands of federal workers furloughed or working without pay, while critical services have been disrupted nationwide.

The proposed agreement seeks to reopen government agencies and provide back pay to affected employees, while also addressing contentious budget issues that sparked the standoff. Lawmakers from both parties have expressed cautious optimism that the deal could finally restore normal operations and ease the strain on workers and communities across the country.

If passed, the measure would mark a significant turning point in a political impasse that has tested the resilience of federal institutions and the patience of the American public.


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