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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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McDonald’s System Outages Reported Worldwide

 


McDonald’s, the global fast-food giant, faced widespread system outages on Friday, causing disruptions at many of its outlets across the world. The technical glitches led to temporary closures of some restaurants and prompted a flurry of complaints on social media platforms.

Reports of system outages spanned multiple countries, affecting operations in Japan, Thailand, and other regions. The company attributed the disruptions to a “technology outage.”  McDonald’s assured customers that they were actively working to fix the issues.

The chain clarified that the problems were unrelated to any cybersecurity incidents. Customers faced inconvenience due to restaurant closures and service interruptions. Social media platforms buzzed with complaints from patrons who encountered difficulties during their visits.

McDonald’s expressed regret for the inconvenience caused and assured customers that they were diligently addressing the technical hiccups.  The company’s teams worldwide were collaborating to restore normal operations swiftly.

While the system outages disrupted McDonald’s usual operations, the chain remains committed to resolving the issues promptly. As they work behind the scenes to fix the technology glitches, customers can expect a smoother experience in the near future.

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