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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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U.S. Confirms Strike on Venezuelan Dock Amid Anti‑Drug Campaign

A US Air Force Boeing C-5 Galaxy is parked at José Aponte de la Torre airport in Ceiba, Puerto Rico, as US President Donald Trump sends fighter jets to the Caribbean island as part of his war on drug cartels.



The United States has carried out a strike on a dockside facility in Venezuela that President Donald Trump says was used to load boats involved in drug trafficking. Speaking to reporters in Florida, Trump described a “major explosion” at the site, calling it a key point where vessels “load up with drugs” before departing the country.

The president first referenced the operation during a radio interview days earlier, suggesting the strike occurred two nights prior. While Trump emphasized that the U.S. “hit them very hard,” he declined to specify whether the attack was conducted by the military or intelligence services, nor did he identify the exact location of the facility.

If confirmed, the strike would mark the first known U.S. land operation in Venezuela since Washington intensified its pressure campaign on President Nicolás Maduro’s government. The action follows a series of U.S. strikes on alleged drug‑smuggling boats in the Caribbean and eastern Pacific in recent months.

Venezuelan authorities have not publicly confirmed the incident, and U.S. officials have released no additional details. The lack of clarity leaves open questions about the scope of the operation and its implications for already strained U.S.–Venezuela relations.


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