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The Bank of Canada Warns of Higher Inflation: What It Means for Your Money

  The Bank of Canada Warns of Higher Inflation: What It Means for Your Money October 29, 2026 | Canadian Money Brief Canadians could face another year of rising living costs. Here's how to protect your savings, manage your grocery bill and make smarter financial decisions. If you thought inflation was finally becoming yesterday's problem, the Bank of Canada's latest forecast delivers an important reminder: the cost of living could remain under pressure well into next year. In its October 28, 2026, Monetary Policy Report, the Bank of Canada warned that inflation is expected to remain above 3% through much of 2027 before gradually returning close to its 2% target by the middle of 2028. Higher energy prices, rising import costs and trade uncertainty are contributing to the outlook. The Bank also raised its overnight policy rate by 0.25 percentage points to 2.50% in an effort to contain inflationary pressures. For Canadian households, the message is clear: even if inflation eve...
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Postal Workers Union Files Unfair Labour Practice Complaint Over Canada Post Layoffs

 

The Canadian Union of Postal Workers (CUPW) has filed an unfair labour practice complaint with the Canada Industrial Relations Board over the recent layoffs of striking employees by Canada Post. The union claims that the layoffs, which have occurred as the strike by over 55,000 workers approaches the two-week mark, are an "intimidation tactic" that violates the Canada Labour Code.

Canada Post has stated that the layoffs are temporary and necessary due to the significant impact of the strike on its operations. However, the union argues that this move is an attempt to undermine the strike and pressure workers into returning to work.

CUPW National Grievance Officer Carl Girouard stated, "These layoffs are a clear violation of the labour code and an attempt to intimidate our members. We are confident that the Canada Industrial Relations Board will see through this tactic and rule in our favour."

Canada Post spokeswoman Lisa Liu responded, "We have received the complaint and are reviewing it. We deny any violation of the labour code and maintain that the layoffs are temporary and necessary."

The strike, which began over wages and working conditions, has now reached a critical point with both sides urging for a resolution. The federal government has also stepped in, urging both parties to return to the negotiating table with a greater sense of urgency.

The outcome of this complaint could have significant implications for the ongoing labour dispute and the future of Canada Post's operations.




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