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The Bank of Canada Warns of Higher Inflation: What It Means for Your Money

  The Bank of Canada Warns of Higher Inflation: What It Means for Your Money October 29, 2026 | Canadian Money Brief Canadians could face another year of rising living costs. Here's how to protect your savings, manage your grocery bill and make smarter financial decisions. If you thought inflation was finally becoming yesterday's problem, the Bank of Canada's latest forecast delivers an important reminder: the cost of living could remain under pressure well into next year. In its October 28, 2026, Monetary Policy Report, the Bank of Canada warned that inflation is expected to remain above 3% through much of 2027 before gradually returning close to its 2% target by the middle of 2028. Higher energy prices, rising import costs and trade uncertainty are contributing to the outlook. The Bank also raised its overnight policy rate by 0.25 percentage points to 2.50% in an effort to contain inflationary pressures. For Canadian households, the message is clear: even if inflation eve...
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Wall Street Aims for Gains to Close 2023 in Subdued Holiday Trading

Wall Street is aiming for gains to close out 2023 in subdued holiday trading. Futures for the S&P 500 and the Dow Jones Industrial Average each edged less than 0.1% lower before the bell, but markets so far are holding on to gains for the week with little in the way of new economic data or corporate earnings. On Tuesday the S&P 500 rose 0.4% to 4,774.75, finishing less than 0.5% below its all-time high set nearly two years ago. The benchmark index is coming off eight straight weekly gains, its longest winning streak since 2017.

Investors should keep in mind that the stock market is volatile and can be unpredictable. It is important to do your research and invest wisely. If you are new to investing, it is recommended that you seek the advice of a financial advisor.


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