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How inflation actually affects you

Inflation isn't just a number on the news. Here's what rising prices actually do to your wallet, savings, and everyday life in Canada. Canadian Money Brief   ·  Updated April 2026  ·  5 min read You've probably noticed that your groceries cost more than they did a few years ago. So does rent, a tank of gas, and a restaurant meal. But when the Bank of Canada announces that "inflation is at 2.8%," what does that actually mean for the money in your pocket? Let's cut through the economics jargon and get to what matters: the real, tangible ways inflation reshapes your financial life — whether you notice it or not. What inflation actually is Inflation is the rate at which prices across the economy rise over time. Canada's central bank tracks this using the Consumer Price Index (CPI), a basket of goods and services — think groceries, gas, rent, clothing, and internet plans — that a typical household buys. When that basket costs more than it did a year ago, we hav...
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Tragic Plane Crash in South Korea Claims 179 Lives

In a devastating incident, a Jeju Air flight from Bangkok, Thailand, crash-landed at Muan International Airport in South Korea, resulting in the deaths of 179 people. The Boeing 737-800, carrying 175 passengers and six crew members, skidded off the runway and burst into flames after colliding with a wall.

The crash occurred shortly after 9 a.m. local time, with initial reports suggesting that a bird strike and adverse weather conditions may have contributed to the accident. The tail section of the plane remained somewhat intact, allowing rescuers to pull two crew members from the wreckage, who are now being treated for injuries.

This tragic event marks the deadliest air accident in South Korea's history and has left the nation in mourning. Authorities are conducting a thorough investigation to determine the exact cause of the crash.

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