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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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Singh Rejects Conservative Non-Confidence Motion Despite Using His Own Words

NDP Leader Jagmeet Singh has announced that he will not support the Conservative Party's latest non-confidence motion, even though it quotes his own criticisms of the Liberal government. Singh stated that he refuses to play Conservative Leader Pierre Poilievre's "games" and emphasized his commitment to expanding dental care and pharmacare programs introduced under the NDP's former governing agreement with the Liberals.

The motion, expected to be introduced on Thursday, calls on the House of Commons to declare that it agrees with Singh's criticisms and has lost confidence in the government. If passed, this motion would trigger an election. However, Singh has made it clear that he is not willing to vote non-confidence and risk cutting the programs the NDP fought for.

The non-confidence vote was scheduled after Speaker Greg Fergus intervened to pause a filibuster on a privilege debate about a green technology fund. The Conservatives have said they would only end the debate if the NDP agrees to topple the government or if the Liberals turn over unredacted documents at the center of the parliamentary gridlock.

Singh's decision highlights his focus on delivering tangible benefits to Canadians rather than engaging in political maneuvering.

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