Skip to main content

Featured

Groceries Are Getting Pricier Again: How Canadians Can Save

  Groceries Are Getting Pricier Again: How Canadians Can Save If your grocery bill feels heavier lately, you're not imagining it. Food prices in Canada have jumped significantly in 2026 , and families across the country are feeling the squeeze at checkout. According to recent data, vegetables and meat are each up more than 9% year-over-year, and the average family of four is projected to spend about $994 more on groceries in 2026 than in 2025 . For many households, that's nearly $1,000 in extra food costs they weren't expecting. But here's the good news: you don't have to accept higher grocery bills as inevitable . With the right strategies and a bit of planning, you can fight back against inflation and keep your food budget in check. We've compiled the most practical, actionable tips that work for Canadian households right now. The Reality Check: Canada's inflation rate hit 2.4% in June, with food prices leading the way. Ontario is experiencing the highest...
Post a Comment
Read more

article

Labels

5 Things to Know Today — June 16, 2026



1
TSX Surges 1% on US-Iran Peace Deal
The S&P/TSX Composite Index surged 1% to a record 35,276 on Monday following news of a preliminary US-Iran peace agreement. Bank stocks led the rally—RBC, TD, and BMO all advanced strongly—while mining shares gained as gold prices rose. Energy stocks fell sharply as oil prices sank on expectations of renewed supply flows from the Middle East.
2
Bank of Canada's Rate Hold Still in Focus
Markets continue to assess the June 10 BoC decision to hold the overnight rate at 2.25%. Economists are watching for signs of inflation stability in upcoming CPI data before any potential rate cuts later this year. Fixed mortgage rates remain elevated, keeping the renewal crisis front and centre for Canadian households.
3
Canada-US Dollar Weakens Near 1.40
The Canadian dollar weakened to around 1.40 USD/CAD as the loonie remains under pressure from soft domestic growth and US trade policy uncertainty. The BoC's measured rate-hold stance is being countered by expectations that the Fed may eventually cut rates faster. Geopolitical developments continue to drive volatility in currency markets.
4
Mortgage Renewals: What You Need to Do Now
With rates still elevated, experts recommend renewing early if your mortgage matures later this year. Locking in now could save thousands compared to spot rates at renewal. Talk to your lender about rate holds and prepayment options to maximize flexibility.
5
Canada Groceries Benefit Enhanced Through 2031
Starting July 3, 2026, the new Canada Groceries and Essentials Benefit (replacing the GST/HST credit) kicks off with a permanent 25% increase for five years. A family of four receives up to $1,890 annually; a single person up to $950. Quarterly payments arrive automatically—just file your taxes. The June 5 one-time top-up was the bridge; ongoing relief continues through July 2031.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Consult a qualified financial advisor before making investment decisions.
Labels:

Comments

Post a Comment