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BoC Set to Hike Into a Weak Economy: What It Means for You

  Canadian Money Brief • Feature Monday, October 26, 2026 • Written ahead of the 9:45 a.m. ET decision on Wednesday, Oct. 28 The Bank of Canada is about to do something that looks backwards. Jobs are disappearing, the housing market is sluggish, and yet money markets and most economists expect the central bank to raise its key rate on Wednesday. If it happens, your budget gets squeezed from two directions at once: higher borrowing costs and a shakier job market. The short version • Expected move: +0.25 point to 2.50% on Oct. 28, up from 2.25% • Reuters poll: 56% of economists (19 of 34) call for a hike, and a majority see one more by end of March • Why now: energy-driven inflation (3.1% in September) and a bank worried it spreads • The catch: 68,300 jobs lost in September , unemployment at 6.5% Why would the bank hike when the economy is wobbling? Reuters reports the Bank of Canada is expected to raise its rate as a pre-emptive strike: the goal is to stop an oil-driven jump in p...
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Discovering the Means for Your Dream Vacation: Unveiling the Path to Fund Your Getaway

Planning a summer vacation can be an exciting prospect, but it often comes with the challenge of finding the necessary funds to make the trip a reality. To fund your dream summer getaway, start by setting a budget and determining the approximate cost of the vacation, including travel expenses, accommodation, activities, and meals. Next, consider saving money in advance by setting aside a portion of your income each month leading up to the trip. Cutting back on non-essential expenses and redirecting those funds towards your vacation savings can also help. Additionally, exploring opportunities for additional income, such as taking up a part-time job, freelancing, or selling items you no longer need, can expedite the saving process. Planning your vacation during off-peak times or opting for more budget-friendly destinations can further stretch your dollars. With careful financial planning and a bit of resourcefulness, you can find the money needed to embark on a memorable summer vacation without compromising your financial well-being.

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