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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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Benefits of airline rewards programs

 

Airline rewards programs offer a host of advantages for frequent travelers and savvy flyers. Let’s explore some of the key benefits:

  1. Free Flights: Accumulating miles allows you to redeem them for free flights. Whether it’s a domestic trip or an international adventure, your rewards can significantly offset travel costs.

  2. Upgrades: Many programs offer the opportunity to upgrade from economy to business or first class using your miles. Enjoy a more comfortable and luxurious flying experience without paying the full fare.

  3. Priority Boarding: Elite members often receive priority boarding, allowing you to settle into your seat early and avoid the rush.

  4. Lounge Access: Access to airport lounges provides a quiet and comfortable space to relax, work, or enjoy complimentary snacks and beverages before your flight.

  5. Baggage Allowance: Elite status often comes with increased baggage allowances, saving you money on checked bags.

  6. Flexible Redemption: Use your miles not only for flights but also for hotel stays, car rentals, and other travel-related expenses.

  7. Partner Airlines and Alliances: Many programs have partnerships with other airlines, allowing you to earn and redeem miles across a broader network.

  8. Special Promotions: Keep an eye out for bonus promotions that allow you to earn extra miles through specific activities (such as dining out or shopping).

  9. Status Benefits: Achieving elite status grants additional perks like priority check-in, dedicated customer service lines, and complimentary upgrades.

  10. Mileage Expiration Prevention: Some programs offer ways to keep your miles active, ensuring they don’t expire.

Remember to choose a program that aligns with your travel habits and preferences.

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