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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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Gaza’s Hunger Crisis: A Dire Struggle for Survival

 

In the heart of northern Gaza, a humanitarian crisis unfolds as the cost of basic necessities skyrockets, leaving many families in a relentless battle against hunger. The once sporadic echoes of conflict have been replaced by the constant growl of empty stomachs, with the World Food Program issuing stark warnings of an imminent famine.

  • Devastating Toll: The war has claimed lives, but hunger now looms as a silent killer, taking the lives of 15 children and infants, unable to be nourished as their mothers struggle to find food.
  • Dire Statistics: A staggering 1.1 million Gazans face “catastrophic” hunger levels, representing half of the population in the strip, a situation described as unprecedented by the WFP’s chief economist.
  • Fragile Relief: Recent efforts have seen a slight improvement, with Israel allowing more food supplies into Gaza. However, this has merely shifted the crisis from a lack of food to a lack of affordable food, with prices still several times higher than pre-war levels.
  • Visible Suffering: The signs of malnutrition are unmistakable, with thin bodies, hair loss, and pale complexions. For many, famine is not a looming threat but a present reality, as evidenced by the increasing number of premature births and maternal deaths during labor.

As the international community scrambles to address this crisis, the people of Gaza continue to endure the unyielding grip of hunger, hoping for a future where the melody of peace drowns out the cries of starvation.


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