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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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Ford Calls for Early Election Amidst Political Turmoil


Ontario Premier Doug Ford is set to request the dissolution of the provincial parliament today, triggering an early election scheduled for February 27. Ford's office announced that he will visit Lt.-Gov. Edith Dumont this afternoon to end the legislature's 43rd parliament. Ford has stated that he needs a new mandate from the electorate to address issues related to U.S. President Donald Trump.

Opposition leaders, including NDP Leader Marit Stiles, Liberal Leader Bonnie Crombie, and Green Party Leader Mike Schreiner, have criticized the decision, calling it a waste of time and money. Despite the controversy, Ford plans to continue his duties as premier, including a visit to Washington, D.C., in February with other premiers, while also campaigning as the leader of the Progressive Conservatives.

The early election call comes amidst a backdrop of political and economic challenges, with Ford seeking to solidify his position and address pressing issues facing the province.

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