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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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Final Countdown: Key Updates and Things to Know as U.S. Election Nears

 

With just three days remaining until the U.S. presidential election, the race between Vice President Kamala Harris and former President Donald Trump is reaching its climax. Both candidates are making their final appeals to voters in key battleground states, aiming to sway undecided voters and solidify their support base.


Latest Updates:

1. Polling Data: Recent polls indicate a tight race, with Harris holding a slight edge nationally but Trump leading in several key swing states.

2. Early Voting: Early voting numbers have reached unprecedented levels, with millions of Americans already casting their ballots.

3. Campaign Events: Harris and Trump are hosting dueling rallies in battleground states like Wisconsin and Pennsylvania, making their final pitches to voters.

Key Things to Know:

1. Polling Accuracy: Confidence in polling has been shaken by past errors, but efforts are being made to improve accuracy.


3. Candidates' Stances: Harris and Trump have different approaches to key issues such as abortion, climate change, and gun control.


3. Electoral College: The election will be decided by the Electoral College, with battleground states playing a crucial role6
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As Election Day approaches, the outcome remains uncertain, with both campaigns working tirelessly to secure a victory on November 5. Stay informed and make your voice heard.



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