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Canada's Economy Just Grew 3.3% — Here's Why That Makes a September Rate Cut Even Less Likely

  Published August 29, 2026 If you've been holding out hope that a slowing economy might finally push the Bank of Canada toward a rate cut, Friday's numbers just closed that door a little further. Statistics Canada reported that the Canadian economy grew at an annualized pace of 3.3% in the second quarter — the fastest rate since 2023 — and revised figures show the first quarter expanded 0.3% rather than shrinking as originally reported. That confirms Canada never actually slid into a technical recession this year. It's good news for the economy. It's less good news if you were counting on lower borrowing costs anytime soon. What actually drove the growth The rebound was broad-based. Exports posted their strongest performance in 39 months, business investment in factories, equipment and commercial real estate jumped, and consumer spending held up as well. On a per-person basis, output grew at a 3.8% annualized clip — the quickest pace since late 2021, even with Canada...
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Farmers Rally in Warsaw: Protesting EU Policies and Ukrainian Imports

 

In a powerful display of dissent, thousands of farmers took to the streets of Warsaw, Poland, voicing their grievances against the European Union’s agricultural policies and the influx of cheap food imports from Ukraine. Here are the key highlights:

  1. The March: Polish farmers, brandishing national flags and carrying placards with angry slogans, converged in the capital city. Their collective message resonated across the EU, where similar protests have unfolded in recent weeks.

  2. Green Policies and Production: The farmers’ frustration centers around the EU’s green policies, which they believe adversely impact their agricultural production. These policies, aimed at environmental sustainability, have unintended consequences for local farmers.

  3. Ukrainian Imports: The influx of low-cost grain and other food products from Ukraine has further exacerbated their plight. Farmers argue that these imports undercut their livelihoods and threaten the viability of their farms.

  4. Continental Solidarity: This protest is part of a broader movement. Farmers from 12 EU countries, spanning Central Europe, the Baltics, and the Balkans, have united against bureaucracy, unfavorable conditions, and policies affecting their businesses.

As the tractors roll and voices rise, the clash between agricultural interests and policy decisions unfolds on the streets of Warsaw. The stakes are high, and the farmers’ resolve remains unwavering.

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