Prices Still High, No Rate Cuts: How to Protect Your Money

July 26, 2025

Welcome to the latest episode of Make Money Count! The latest CPI numbers are in, and let’s just say things aren’t quite cooling down. In this episode, Marcus & Justin break down why the Bank of Canada isn’t cutting rates, how tariffs are messing with your grocery bill, and whether we’re heading straight into stagflation.

Episode Highlights

Inflation’s Still Hot — And So Is the Economy

Overall inflation might look “okay” at 1.9%, but core CPI tells a different story. That’s the number the Bank of Canada watches most closely, and it’s still rising. Could this mean no rate cuts until 2026?

Stagflation Might Be Next

Inflation with no growth leads to stagflation, and that’s exactly where we may be headed. Even a rate cut won’t rescue the housing market right now.

Groceries, Clothing & Care — Why Prices Won’t Budge

More than half of all CPI goods are increasing at over 3%. Nearly 35% are up over 5%. Tariffs are hitting Canadians hard, and big players are passing those costs straight to us. Are tariffs the real reason your grocery bill keeps climbing?

How does your cost of living compare to these numbers?

🎧 Watch the Full Podcast

There’s more to the story, including some spicy takes on tariffs, real estate, and why small rate cuts won’t help much right now.

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