Skip to main content

Featured

BoC Set to Hike Into a Weak Economy: What It Means for You

  Canadian Money Brief • Feature Monday, October 26, 2026 • Written ahead of the 9:45 a.m. ET decision on Wednesday, Oct. 28 The Bank of Canada is about to do something that looks backwards. Jobs are disappearing, the housing market is sluggish, and yet money markets and most economists expect the central bank to raise its key rate on Wednesday. If it happens, your budget gets squeezed from two directions at once: higher borrowing costs and a shakier job market. The short version • Expected move: +0.25 point to 2.50% on Oct. 28, up from 2.25% • Reuters poll: 56% of economists (19 of 34) call for a hike, and a majority see one more by end of March • Why now: energy-driven inflation (3.1% in September) and a bank worried it spreads • The catch: 68,300 jobs lost in September , unemployment at 6.5% Why would the bank hike when the economy is wobbling? Reuters reports the Bank of Canada is expected to raise its rate as a pre-emptive strike: the goal is to stop an oil-driven jump in p...
Post a Comment
Read more

article

Labels

Slovakia’s Prime Minister Robert Fico Survives Assassination Attempt

 

In a shocking turn of events, Slovakia’s populist Prime Minister, Robert Fico, was shot multiple times and gravely wounded in an attempted assassination. The incident occurred on Wednesday, May 15, 2024, after a political event in the town of Handlova. Mr. Fico was immediately rushed to a hospital in Bratislava, the country’s capital, approximately two hours away.

The assailant reportedly fired at Mr. Fico as he emerged from a meeting, leaving him with five gunshot wounds. Authorities swiftly arrested a suspect at the scene, but the motive behind the attack remains unclear. The incident has sent shockwaves across Europe, especially considering its timing just before the upcoming elections.

Slovakia, a small country in Central Europe, has been grappling with political tensions and societal divisions. Prime Minister Fico, a prominent figure in Slovakian politics, has faced both support and criticism during his tenure. His survival in this assassination attempt will undoubtedly have significant implications for the nation’s political landscape.

As the investigation unfolds, citizens and leaders alike are left wondering about the underlying reasons behind this brazen attack. The next few hours will be critical for Mr. Fico’s recovery and for understanding the broader context of this violent act.

Stay tuned for further updates as the situation develops. Our thoughts are with Prime Minister Robert Fico and his family during this difficult time.



Labels:

Comments

Post a Comment