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Canada's Economy Is Slowing: 5 Money Moves to Make Before Year-End

  Canadian Money Brief | October 22, 2026 Canada's economic outlook has weakened, and that is a good reason to take a fresh look at your finances before the end of the year. The Parliamentary Budget Officer's October outlook projects real GDP growth of just 0.9% in 2026, down from its earlier forecast of 1.1%. The report points to changing trade conditions and U.S. tariffs as key pressures. This does not mean a recession is guaranteed. But when the economy faces uncertainty, a few practical steps can help households stay prepared and avoid unnecessary costs. 1. Review your monthly budget Check your last two or three months of bank and credit-card statements. Look for subscriptions you no longer use, recurring fees, food waste, and purchases that can be delayed. Even small cuts can free up cash for savings or debt repayment. Try this: Choose one spending category to reduce this month and move the money you save into a separate savings account. 2. Build or top up your emergency ...
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French Government to Resign: A Caretaker Transition Amid Political Turmoil

 

French President Emmanuel Macron is poised to accept the resignation of Prime Minister Gabriel Attal and his government by the end of the day. This move comes after an inconclusive snap election, but the current administration will remain in a caretaker capacity until a new cabinet is appointed. Here’s what you need to know:

  1. Caretaker Government: Attal’s government will continue to handle emergency situations and manage current affairs in the euro zone’s second-largest economy. However, they won’t be able to propose new legislation or make significant changes. Notably, this caretaker government will oversee the smooth running of the upcoming Olympics, scheduled to begin on July 26.

  2. Left-Wing Struggles: Left-wing parties are embroiled in a bitter dispute over who should be the next prime minister. The New Popular Front (NFP), an alliance of socialists, Greens, and communists, unexpectedly topped the vote in the recent snap election. However, tensions persist over forming a left-wing government.

  3. Mainstream Alliance: President Macron has called for mainstream parties to forge an alliance, potentially including elements of the NFP but excluding France Unbowed. The urgency to find a solution is high, as Communist party leader Fabien Roussel warns of a potential “shipwreck” if consensus isn’t reached.

In summary, France faces a delicate political landscape as it navigates this caretaker transition. The fate of the next government remains uncertain, and all eyes are on the negotiations between competing factions. Stay tuned for further developments.


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