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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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Wall Street Futures Surge as Nvidia Fuels AI Rally Ahead of Jobs Report

 

US stock futures climbed sharply on Thursday after Nvidia’s blockbuster earnings reignited confidence in the artificial intelligence trade, easing concerns of an AI bubble. The Nasdaq 100 led gains with futures up nearly 1.8%, while S&P 500 futures rose about 1.3% and Dow Jones futures added 0.7%.

Nvidia shares surged more than 5% in premarket trading after the chipmaker reported stronger-than-expected third-quarter results and issued a bullish revenue outlook for the fourth quarter. CEO Jensen Huang highlighted unprecedented demand for the company’s Blackwell processors, describing sales as “off the charts.” The upbeat forecast reassured investors that the recent cooling in AI-linked stocks was not a sign of long-term weakness.

The rally extended momentum from Wednesday, when the Dow and S&P 500 snapped a four-day losing streak. Other semiconductor stocks, including AMD, Micron, and Broadcom, also advanced in premarket trading, riding Nvidia’s wave of optimism.

However, investors remain cautious as attention shifts to the delayed September jobs report, expected to show around 50,000 new jobs. The data will be closely watched for clues on the Federal Reserve’s next policy moves, especially after recent minutes revealed divisions among policymakers on future rate decisions.

Despite fading hopes for a December interest-rate cut, the market’s focus on AI-driven growth has provided a strong tailwind. With Nvidia’s results setting the tone, Wall Street is bracing for a potentially volatile day as economic data and corporate earnings collide.

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