{"id":491167,"date":"2026-06-23T07:32:17","date_gmt":"2026-06-23T07:32:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/491167\/"},"modified":"2026-06-23T07:32:17","modified_gmt":"2026-06-23T07:32:17","slug":"news-of-the-day-inflation-rate-spikes-bank-of-canada-to-hold-rates-retirement-phases-churchill-falls-deal-hst-rebate-drives-home-sales-and-more","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/491167\/","title":{"rendered":"News of the day: Inflation rate spikes, Bank of Canada to hold rates, retirement phases, Churchill Falls deal, HST rebate drives home sales and more"},"content":{"rendered":"<p>    <img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2026\/06\/832401a8e71821970de41bf947c3cee8.jpeg\" alt=\"Gas Prices Continue To Fall As Tensions Ease In Iran War\" loading=\"eager\" height=\"720\" width=\"960\" class=\"yf-lglytj  loaded\"\/> A motorcycle is parked at a Circle K gas station on June 16 in Austin, Texas. (Credit: Brandon Bell\/Getty Images)         <\/p>\n<p class=\"yf-1fy9kyt\">It\u2019s Monday, June 22. Here are the top stories we\u2019re following today.<\/p>\n<p class=\"yf-1fy9kyt\"><a href=\"https:\/\/financialpost.com\/news\/economy\/high-gasoline-prices-push-headline-inflation-3-2-may\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Canadian inflation rate spikes to 3.2% on surging gas prices;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Canadian inflation rate spikes to 3.2% on surging gas prices&quot;}\" class=\"link \">Canadian inflation rate spikes to 3.2% on surging gas prices<\/a><\/p>\n<p class=\"yf-1fy9kyt\">Canadian inflation accelerated to its highest level in more than two years in May, as rising gasoline and food prices helped pushed the rate to 3.2 per cent.<\/p>\n<p class=\"yf-1fy9kyt\"><a href=\"https:\/\/financialpost.com\/news\/economy\/high-gasoline-prices-push-headline-inflation-3-2-may\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Read the story;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Read the story&quot;}\" class=\"link \">Read the story<\/a><\/p>\n<p>       <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\" The Bank of Canada building in Ottawa.\" loading=\"lazy\" height=\"720\" width=\"960\" class=\"yf-lglytj loader\"\/>  The Bank of Canada building in Ottawa.      <\/p>\n<p class=\"yf-1fy9kyt\"><a href=\"https:\/\/financialpost.com\/news\/economy\/bank-of-canada-hold-interest-rates-gas-inflation\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Bank of Canada to hold on rates as 33% gas inflation masks weak economy, say economists;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Bank of Canada to hold on rates as 33% gas inflation masks weak economy, say economists&quot;}\" class=\"link \">Bank of Canada to hold on rates as 33% gas inflation masks weak economy, say economists<\/a><\/p>\n<p class=\"yf-1fy9kyt\">Here\u2019s what economists think the latest inflation numbers mean for the economy and interest rates.<\/p>\n<p class=\"yf-1fy9kyt\"><a href=\"https:\/\/financialpost.com\/news\/economy\/bank-of-canada-hold-interest-rates-gas-inflation\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Read the story;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Read the story&quot;}\" class=\"link \">Read the story<\/a><\/p>\n<p>       <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\" At its core, your time is your real wealth, and the returns you experience in life come from how you choose to allocate it.\" loading=\"lazy\" height=\"720\" width=\"960\" class=\"yf-lglytj loader\"\/>  At its core, your time is your real wealth, and the returns you experience in life come from how you choose to allocate it.      <\/p>\n<p class=\"yf-1fy9kyt\"><a href=\"https:\/\/financialpost.com\/investing\/there-are-three-phases-of-retirement-go-go-go-slow-and-no-go\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:There are three phases of retirement: \u2018Go Go, Go Slow and No Go\u2019;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;There are three phases of retirement&quot;}\" class=\"link \">There are three phases of retirement: \u2018Go Go, Go Slow and No Go\u2019<\/a><\/p>\n<p class=\"yf-1fy9kyt\">When it comes to managing wealth over many years, Martin Pelletier has come to realize that its true value extends well beyond money. Building a nest egg to support a desired lifestyle in retirement is a common and worthwhile goal but the problem is that the habits we rely on to get there often end up standing in the way of finally enjoying it.<\/p>\n<p class=\"yf-1fy9kyt\"><a href=\"https:\/\/financialpost.com\/investing\/there-are-three-phases-of-retirement-go-go-go-slow-and-no-go\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Read the story;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Read the story&quot;}\" class=\"link \">Read the story<\/a><\/p>\n<p>       <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\" Rising energy demand has pushed some to urge the province of Newfoundland and Labrador to reject the current memorandum of understanding and pursue a different approach.\" loading=\"lazy\" height=\"720\" width=\"960\" class=\"yf-lglytj loader\"\/>  Rising energy demand has pushed some to urge the province of Newfoundland and Labrador to reject the current memorandum of understanding and pursue a different approach.      <\/p>\n<p class=\"yf-1fy9kyt\"><a href=\"https:\/\/financialpost.com\/commodities\/energy\/newfoundland-may-hold-more-power-churchill-falls\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Newfoundland may hold more power in Churchill Falls talks than many think;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Newfoundland may hold more power in Churchill Falls talks than many think&quot;}\" class=\"link \">Newfoundland may hold more power in Churchill Falls talks than many think<\/a><\/p>\n<p class=\"yf-1fy9kyt\">Some economists are beginning to question whether Newfoundland and Labrador has more leverage than conventional wisdom suggests as it reconsiders a memorandum of understanding signed with Quebec in late 2024 that was intended to govern Churchill Falls after the current contract expires in 2041.<\/p>\n<p class=\"yf-1fy9kyt\"><a href=\"https:\/\/financialpost.com\/commodities\/energy\/newfoundland-may-hold-more-power-churchill-falls\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Read the story;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Read the story&quot;}\" class=\"link \">Read the story<\/a><\/p>\n<p>       <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\" New homes under construction by Reid\u2019s Heritage Homes in Cambridge, Ont., on June 16. The Building Industry and Land Development Association said new home buyers in the Greater Toronto Area are responding positively to the Harmonized Sales Tax new housing rebate.\" loading=\"lazy\" height=\"720\" width=\"960\" class=\"yf-lglytj loader\"\/>  New homes under construction by Reid\u2019s Heritage Homes in Cambridge, Ont., on June 16. The Building Industry and Land Development Association said new home buyers in the Greater Toronto Area are responding positively to the Harmonized Sales Tax new housing rebate.      <\/p>\n<p class=\"yf-1fy9kyt\"><a href=\"https:\/\/financialpost.com\/real-estate\/first-time-homebuyers\/toronto-new-home-sales-rise-hst-rebate\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:HST rebate helps drive Toronto new home sales in May, report says;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;HST rebate helps drive Toronto new home sales in May, report says&quot;}\" class=\"link \">HST rebate helps drive Toronto new home sales in May, report says<\/a><\/p>\n<p class=\"yf-1fy9kyt\">New sales of low-rise homes beat its 10-year average in May and the enhanced Harmonized Sales Tax rebate program might have something to do with it, at least according to the Building Industry and Land Development Association.<\/p>\n<p class=\"yf-1fy9kyt\"><a href=\"https:\/\/financialpost.com\/real-estate\/first-time-homebuyers\/toronto-new-home-sales-rise-hst-rebate\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Read the story;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Read the story&quot;}\" class=\"link \">Read the story<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"A motorcycle is parked at a Circle K gas station on June 16 in Austin, Texas. (Credit: Brandon&hellip;\n","protected":false},"author":2,"featured_media":491168,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[68200,138,219,3508,246219,111,139,69,14920],"class_list":["post-491167","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-austin","tag-business","tag-economy","tag-interest-rates","tag-martin-pelletier","tag-new-zealand","tag-newzealand","tag-nz","tag-texas"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/491167","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=491167"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/491167\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/491168"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=491167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=491167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=491167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}