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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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China’s Stance on NATO’s Accusations

In a recent statement, China has firmly opposed NATO’s characterization of the nation as a “decisive enabler” of Russia’s ongoing conflict in Ukraine. The Chinese Foreign Ministry spokesperson denounced NATO’s claims as unfounded and cautioned the alliance against instigating turmoil in Asia, similar to the chaos in Europe. China maintains that its trade relations with Russia are legitimate, conforming to World Trade Organization rules, and insists that its stance on the Ukraine issue is impartial and objective.

  • Rejection of NATO’s Claims: China rejects the notion of being an enabler of the war in Ukraine, emphasizing the legitimacy of its trade with Russia.
  • Warning Against Chaos: The spokesperson warned NATO not to transfer the chaos it created in Europe to the Asian region.
  • Call for Non-Interference: China urges NATO to refrain from meddling in its internal affairs and to stop smearing its image.
  • Defense of Trade Practices: The country defends its trade practices with Russia as reasonable and based on international rules.

China’s response comes as a rebuttal to NATO’s recent communique, which urged China to cease all material and political support to Russia’s war efforts. The exchange highlights the growing tensions between China and NATO amidst the backdrop of the Ukraine conflict.



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