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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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Southern U.S. Paralyzed by Record Snowfall: Thousands of Flights Cancelled

 

Thousands of flights were cancelled and travel was severely disrupted across the southern United States as a major winter storm brought the region's largest snowfall in almost four years.

The storm, which began on Thursday, drew Arctic air from the north and a surge of Gulf moisture from the south, creating a potent low-pressure system that blanketed states from Texas to the Carolinas with heavy snow. 

In Arkansas, the small town of Mena reported the highest snowfall total with 36 cm of snow, while Little Rock saw 20 cm, doubling its average annual snowfall. The historic snowfall also ended a 1,076-day snowless streak in Charlotte, North Carolina.

Air travel was heavily impacted, with nearly half of all flights into and out of Atlanta cancelled on Friday.The storm also caused significant highway delays and power outages in northeastern Texas and southwestern Arkansas.

As the storm continues to move through the southeast and Mid-Atlantic states, more disruptions are expected, with a swath of 5-15 cm of snow forecasted across the western Carolinas and southern Virginia.




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