Skip to main content

Featured

How to Protect Your Wallet from Rising Food Prices in Canada

   The 2026 Survival Guide — 10 proven strategies to cut your grocery bill and fight back against inflation. MoneySavings.ca  ·  May 10, 2026  ·  8 min read If your grocery bill has been quietly climbing, you're not imagining it. Canadian families are facing the steepest food inflation in years — but with the right strategies, you can fight back. Here's exactly what to do. The Numbers Are Real — And They Hurt Let's not sugarcoat it. According to the 2026 Canada Food Price Report , food prices across the country are expected to rise between 4% and 6% this year, driven largely by beef prices climbing roughly 7%. The culprits? A perfect storm of US–Canada trade tariffs, shrinking cattle herds, and rising supply chain costs. $17,571 Projected food spend for a family of 4 in 2026 +$994 More than in 2025 — per family, per year +27% Higher than just five years ago 4–6% Overall food price increas...
Post a Comment
Read more

article

Labels

Trump’s 10% Credit‑Card Cap Sparks Market Jolt as Lenders Tumble

 


A sharp sell‑off hit major U.S. credit‑card lenders after President Donald Trump announced a proposed one‑year cap limiting credit‑card interest rates to 10%, a move that immediately rattled financial markets and triggered pushback from banks.

U.S. credit‑card lenders were hammered in early trading after President Donald Trump unveiled a proposal to cap credit‑card interest rates at 10% for one year, beginning January 20. The announcement, posted late Friday on Truth Social, sent shares of major issuers sharply lower as investors reacted to the potential hit to a key profit stream.

Capital One and Synchrony Financial plunged as much as 10% in premarket trading, while American Express and Citigroup slid around 4%, and larger banks such as JPMorgan Chase and Bank of America fell roughly 2–3%. The proposal aims to address affordability concerns, with Trump criticizing current rates that often exceed 20% to 30%.

Despite the market shock, analysts caution that the plan faces significant legal and political hurdles. Some argue that Trump may lack the executive authority to impose such a cap without congressional action, making the proposal far from guaranteed to become policy. Still, the announcement alone was enough to send ripples through the financial sector, highlighting how sensitive lenders are to regulatory threats targeting consumer credit.


Labels:

Comments

Post a Comment