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5 Things to Know Today — Saturday, June 27, 2026

  Your fast briefing on what's moving Canadian money this weekend. 1 Inflation Is Back Above 3% — And Groceries Aren't Helping Canada's annual inflation rate climbed to 3.2% in May , its highest reading since December 2023, beating analyst expectations of 3.0%. The main culprit was gasoline, where prices surged 33.2% year over year as Middle East supply disruptions continued to ripple through Canadian pumps. Grocery shoppers felt it too: food purchased at stores rose 4.3% annually, with fresh vegetables up 9% and tomatoes spiking a staggering 45.2% — a direct result of poor weather and reduced planting in Mexico following U.S. tariff uncertainty. The silver lining is that shelter inflation continued to ease, sitting at just 1.7%, and economists expect May to mark the peak for headline inflation this year as oil prices have since moderated. Source: Statistics Canada, June 22, 2026 2 Bank of Canada Holds at 2.25% — Fifth Pause in a Row On June 10, the Bank of Canada kept its ...
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Wall Street Rises to Add to Last Week’s Gains

 

World shares tracked Wall Street’s advance today, fueled by cooler-than-expected U.S. employment data. Last week, Wall Street had its best day in more than two months, and today’s gains further contributed to the positive momentum.

Key Highlights:

  1. U.S. Markets:

    • The S&P 500 climbed 1% today, adding to last week’s gains.
    • The Dow Jones Industrial Average rose 0.5%.
    • The Nasdaq composite surged 1.2%.
    • Treasury yields remained steady in the bond market.

  2. Global Markets:

    • European markets started the day with gains. Germany’s DAX edged 0.1% higher, and the CAC 40 in Paris also saw modest gains.
    • Asian markets performed well, with the Hang Seng in Hong Kong closing 0.4% higher and the Shanghai Composite index surging 1.2% after a weeklong holiday.
    • Australia’s S&P/ASX 200 rose 0.7%, and Taiwan’s Taiex gained 1%.
    • Markets in Tokyo and South Korea were closed for holidays.

  3. U.S. Employment Data:

    • The latest private sector survey showed that China’s services sector grew at a slower pace in April due to rising costs, although new orders rose and business sentiment improved.
    • The U.S. added 175,000 jobs last month, down sharply from March’s blockbuster increase of 315,000. Average hourly earnings also rose less than expected.
    • The modest increase in hiring suggests that the Federal Reserve’s aggressive rate hikes may be impacting the economy, potentially leading to a shift in interest rate policy.

  4. Tech Stocks:

    • Friday’s market rally was widespread, with technology stocks leading the gains.
    • Apple jumped 6% after announcing a mammoth $110 billion stock buyback, despite reporting its steepest quarterly decline in iPhone sales since the pandemic began.

In summary, Wall Street’s positive performance today reflects optimism fueled by economic data and strong tech sector gains. Investors are closely watching the Federal Reserve’s next moves as they consider potential interest rate adjustments.

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