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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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Turkish President Recep Tayyip Erdogan Meets Hamas Political Leader Ismail Haniyeh in Istanbul


On Saturday, Turkish President Recep Tayyip Erdogan held a significant meeting with Ismail Haniyeh, the head of the political bureau of the Palestinian Resistance Movement Hamas. The closed-door meeting took place at the presidential office within Dolmabahçe Palace in Istanbul. During the encounter, footage released by the Turkish presidency showed Haniyeh and other Hamas leaders posing for photos with Erdogan. Additionally, the Hamas delegation engaged in discussions with the Turkish delegation.

This meeting marks the first time since October 7 that Ismail Haniyeh has met with the Turkish president, and it comes amid ongoing tensions in the region, particularly related to the Gaza war. The discussions likely centered around regional peace efforts and the situation in the Middle East.

The meeting between Erdogan and Haniyeh holds significance given the historical context and the complex geopolitical dynamics in the region. As developments unfold, the world will closely watch for any further outcomes or statements resulting from this high-level engagement.


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


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