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The Rate Cuts Are Over — Is a Hike Coming?

  July 23, 2026 Oil shocks, sticky inflation and a technical recession are pulling the Bank of Canada in opposite directions at once. For most of the past two years, the only question about the Bank of Canada was how far and how fast it would cut. The overnight rate fell from 5.00% to 2.25% between June 2024 and October 2025, one of the sharpest easing cycles in the Bank's history, and it has held there through six consecutive decisions since. That story is now over. The question on the table for the rest of 2026 isn't whether the Bank cuts again — it's whether the next move is actually a hike. Two conflicting signals, one Bank The case for staying put — or even cutting — comes from the growth side of the ledger. Statistics Canada data showed the economy contracted in both the fourth quarter of 2025 and the first quarter of 2026, meeting the informal definition of a technical recession. That was enough to have some economists warning the Bank had no room to raise rates at a...
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Thousands of Canadians Die While Waiting for Surgery



According to a recent report, more than 17,000 Canadians have died while waiting for surgery or diagnostic scans in 2022-23. The report also suggests that the actual number could be higher. This is a concerning issue that needs to be addressed.

Long wait times for surgeries, MRI and CT scans are putting thousands of patients at risk. The surgical waitlist in Ontario alone surpasses 200,000 people . This comes off the back of a 21-page report from CUPE’S Ontario Council of Hospital Unions that found hospital staff vacancies have grown dramatically, increasing 19 per cent over the last year, and currently 37,00 positions remain unfilled .

The consequences of the long waits are stark, as more than 2,000 people died on waiting lists for surgeries last year, up almost 50 per cent from the year before. Another 9,400 patients died waiting for MRIs and CT scans . The situation is dire and requires immediate attention.


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