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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 Rises as Shutdown Fears Ease


U.S. stocks climbed on Monday as optimism grew that lawmakers are moving closer to ending the government shutdown. The Dow Jones Industrial Average, S&P 500, and Nasdaq all posted gains, buoyed by investor confidence that a recent vote in Congress could pave the way for a resolution.

The rally was broad-based, with technology, financials, and consumer sectors leading the charge. Analysts noted that easing political uncertainty often sparks renewed risk appetite, and Monday’s session reflected that trend.

While concerns remain about the long-term economic impact of the shutdown, traders welcomed signs of progress in Washington. Market watchers say continued momentum will depend on whether a final agreement is reached swiftly, but for now, Wall Street is breathing a sigh of relief.


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