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Welcome to the May edition of the Wealth Awesome newsletter. Thank you to the 17,000+ 🇨🇦 subscribers who join us today!
Market Update
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Summary
Gas Prices Are Up, But Don’t Panic Yet
Canada’s inflation rate is expected to edge up to 3.0% in May, driven primarily by higher energy prices and a modest increase in food costs.
While headline inflation is moving above the Bank of Canada’s target range, underlying price pressures remain relatively contained, with core inflation measures still hovering near the central bank’s 2% target.
This distinction is important because policymakers have little control over global oil prices and are more focused on whether inflation is spreading across the broader economy.
For now, consumer spending and labour markets appear stable, giving the BoC room to remain patient and keep interest rates unchanged.
⏱ TLDR: Higher oil prices are pushing inflation back up, but core inflation remains under control—giving the Bank of Canada little reason to change rates anytime soon.
Key Takeaways 💡
⛽ Energy is doing the heavy lifting: Higher oil and gasoline prices are the main reason inflation is ticking up, not widespread price increases.
🏦 BoC stays patient: Core inflation remains near target, reducing pressure on the central bank to raise or cut rates in the near term.
What Replaces Roundup?
The next agricultural transition may not be bigger tractors. It may be autonomous robots replacing herbicides entirely. Greenfield Robotics is building commercial systems designed for that future.
Greenfield Robotics is Testing The Waters under tier 2 of Regulation A. No money or other consideration is being solicited, and if sent in response will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement filed by the company with the SEC has been qualified by the SEC. Any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of acceptance given after the date of qualification. An indication of interest involves no obligation or commitment of any kind. “Reserving” shares is simply an indication of interest. There is no binding commitment for investors that reserve shares in this manner to ultimately invest and purchase the shares reserved of the company, or to purchase any shares of the company whatsoever.
Canadian stocks over the last 30 days (end May- June 2026)
The TSX had a challenging month, with broad weakness in energy and resource stocks outweighing gains in financials. Major energy names like Suncor (-16.58%), CNQ (-15.75%), Imperial Oil (-10.0%), and AEM (-9.90%) saw sharp declines as commodity-related sectors came under pressure.
Offsetting some of the losses were strong performances from Canada’s banks, including BNS (+8.76%), BMO (+8.57%), TD (+7.54%), and RY (+7.27%), while Shopify (+2.69%) also posted modest gains.
Overall, investors rotated toward financials and away from energy, creating a mixed market with red dominating despite pockets of resilience.
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Thats it for this month!
The Wealth Awesome Team