Making sense of the markets this week: May 26, 2024.

Canadian inflation has cooled, with lower grocery prices being the main contributor. The Consumer Price Index (CPI) for April showed a year-over-year increase of 2.7%, the lowest since March 2021. However, mortgage costs and rent have increased significantly. The three-month inflation trend suggests that it may be time to cut interest rates. Nvidia, a leading AI company, has seen its shares rise above $1,000 and announced a 10-for-1 stock split. U.S. retailers, such as Target and Macy's, reported mediocre earnings due to a stretched consumer. [Extracted from the article]