Skip to main content

Featured

Toronto Lights Up the Waterfront: New Year’s Eve Celebrations Set to Dazzle the GTA

  Toronto is preparing for one of its most vibrant New Year’s Eve celebrations yet, with the city’s waterfront transforming into a massive outdoor festival to welcome 2026. Beginning at 10 p.m., the Harbourfront area will come alive with live music, DJ sets, roaming performers, and illuminated art installations stretching from Harbourfront Centre to Sherbourne Common. The night’s biggest draw will be a 10‑minute fireworks display launched over the inner harbour , offering sweeping views from along the lakeshore. The show is designed to be visible from multiple waterfront vantage points, giving thousands of residents and visitors a chance to ring in the new year under a bright skyline. Transit agencies across the region are stepping up to support the festivities. TTC, GO Transit, and UP Express will offer free rides from 7 p.m. on December 31 until 8 a.m. on January 1 , with extended service to help crowds travel safely throughout the night. Beyond downtown, communities across t...
Post a Comment
Read more

article

Labels

Bank of Canada Poised for Another Rate Cut Amid Easing Inflation

The Bank of Canada is widely expected to cut its key interest rate again this Wednesday, following recent data indicating a continued easing of inflation. This anticipated move comes after the central bank already reduced its policy rate by 25 basis points to 4.75% last month.

Economists and market analysts are betting on another 25 basis point cut, which would bring the rate down to 4.50%2. The decision is driven by a combination of factors, including a slowdown in consumer price inflation, restrained spending, and a generally lackluster economic outlook.

Recent reports show that inflation cooled to 2.7% in June, down from 2.9% in May. This decline has bolstered confidence that the Bank of Canada will continue its efforts to ease monetary policy. Additionally, rising unemployment and subdued growth expectations have further supported the case for another rate cut.

The Bank of Canada is set to announce its decision on Wednesday at 9:45 AM ET, along with the release of its quarterly Monetary Policy Report, which will include updated forecasts for economic growth and inflation.


Labels:

Comments

Post a Comment