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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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Devastating Earthquake Near Everest Claims 95 Lives

 


Western China was struck by a powerful 7.1 magnitude earthquake on Tuesday morning, near the border with Nepal. The quake, centered in the Tibet region, has tragically claimed at least 95 lives and injured over 130 people. The epicenter was located about 50 miles northeast of Mount Everest causing tremors felt as far away as Kathmandu.

The earthquake has caused significant damage, with 1,000 homes destroyed and rescue efforts complicated by the remote, high-altitude location. Chinese leader Xi Jinping has called for all-out efforts to rescue survivors and minimize further casualties.

The region continues to experience aftershocks, adding to the challenges faced by rescue teams and local residents. The Mount Everest scenic area on the Chinese side has been closed, and relief operations are ongoing.

This disaster serves as a stark reminder of the ever-present seismic activity in the Himalayan region, which has seen numerous powerful quakes over the past century.




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