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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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Tensions Escalate as Iran Warns Israel Against Retaliation

 

On October 17, Iran issued a stern warning to Israel against any retaliatory actions following a recent missile barrage. This warning comes as Israel intensifies its military operations in Lebanon, targeting the Tehran-backed Hezbollah.

The commander of Iran’s Revolutionary Guards emphasized that any Israeli attack would be met with a stronger response, highlighting the fragile and volatile nature of the current situation. This development follows a series of escalations, including a significant missile attack by Iran on October 1, which has further strained relations between the two nations.

As both sides prepare for potential further conflict, the international community watches closely, concerned about the broader implications for regional stability.


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