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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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Netanyahu’s Pardon Request Sparks Political Firestorm in Israel

                                            Israeli Prime Minister Benjamin Netanyahu

Israeli Prime Minister Benjamin Netanyahu has formally requested a presidential pardon in his years-long corruption trial, a move that has ignited fierce debate across the country. Netanyahu, Israel’s longest-serving leader, is facing charges of bribery, fraud, and breach of trust in three separate cases. He has consistently denied wrongdoing, insisting that the proceedings are politically motivated.

In a video statement released by his Likud party, Netanyahu explained that his lawyers had submitted the request to President Isaac Herzog, arguing that the trial was hindering his ability to govern and deepening divisions within Israeli society. “My personal interest was and remains to continue the process until the end, until I am fully acquitted of all charges,” he said. “But the security and political realities, the national interest, require otherwise”.

President Herzog’s office confirmed receipt of the request, describing it as an “extraordinary appeal” with significant implications. The letter from Netanyahu’s lawyers has been forwarded to the Ministry of Justice for review, after which Herzog will make a decision.

The pardon request comes just weeks after U.S. President Donald Trump publicly urged Herzog to grant clemency, saying Netanyahu should be spared further legal battles. Supporters argue that ending the trial would allow Israel to focus on pressing national and regional challenges. Critics, however, warn that granting a pardon would undermine Israel’s democratic institutions and set a dangerous precedent by placing the prime minister above the rule of law.

The trial, which has dragged on for years, has already polarized Israeli politics and fueled mass protests. Netanyahu’s move is seen by many as a gamble to preserve his political legacy while avoiding a potentially damaging verdict. Whether Herzog grants the pardon or not, the decision will likely shape Israel’s political landscape for years to come.

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