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Canada's GDP Report Is Out Today — Here's What It Means for Your Wallet

Canada GDP Report June 2026 — MoneySavings.ca This morning, Statistics Canada releases its GDP by industry data for April 2026 — along with a flash estimate for May. The timing couldn't be more significant: Canada has technically entered a recession, and the Bank of Canada's next rate decision is just two weeks away on July 15 . Here's what today's report means for your mortgage, your job, and your savings — in plain English. What Is GDP and Why Does Today's Number Matter? GDP — Gross Domestic Product — is the broadest scorecard for how well Canada's economy is performing. It measures the total value of everything the country produces: goods, services, output across every industry. When GDP grows, businesses expand, hiring picks up, and incomes tend to rise. When it shrinks, the opposite happens. Today's release covers April 2026 data, plus Statistics Canada's advance estimate for May. The number that comes out this morning will either confirm that Cana...

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Cacio e Pepe

 


Cacio e Pepe


Cacio e pepe is a deceptively simple dish packed with flavor. Featuring pasta, Pecorino Romano cheese, and black pepper, this version uses a foolproof technique to ensure a creamy, clump-free sauce every time!

INGREDIENTS

  • Salt
  • 8 oz bucatini, spaghetti, or tonnarelli
  • 2 tablespoons unsalted butter
  • 1½ - 2 teaspoons freshly ground black pepper, depending on how peppery you like your pasta
  • 1 cup finely grated Pecorino Romano cheese


  • INSTRUCTIONS

  • 1. In a Dutch oven or large pot, bring 2 quarts of water and 1 teaspoon of salt to a boil. Add the pasta and cook according to package instructions until al dente. Reserve 1 cup of the pasta cooking water and drain.

    2. Set the same pot over low heat and melt the butter. Add the pepper and cook, stirring constantly, until fragrant, about 1 minute. Add the drained pasta to the pot and toss to coat evenly. Remove the pot from the heat.

    3.  In a blender, combine the cheese and ⅔ cup of the pasta cooking water. Blend until smooth and creamy, 10 to 15 seconds. Add the sauce to the pasta in the pot and toss with tongs. Place the pot back over low heat and cook, stirring constantly with the tongs, until the sauce is the consistency of a thin cream sauce, a few minutes. Add more of the reserved pasta water to thin the sauce only if necessary. Be careful at this stage: if the sauce gets too hot, it will start to clump up and stick to the pot and tongs. Once the sauce is the right consistency, immediately transfer the pasta to bowls and serve. Pass more cheese and pepper at the table, if desired.

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