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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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Ramadan Begins: A Month of Reflection and Devotion

 

The Islamic holy month of Ramadan has officially begun, marked by the sighting of the crescent moon. This significant event in the Islamic calendar is observed by Muslims worldwide, who engage in a month-long period of fasting, prayer, and reflection.

Ramadan is the ninth month of the Islamic lunar calendar and is believed to be the time when the Quran was revealed to the Prophet Muhammad. During this month, Muslims fast from dawn to sunset, abstaining from food, drink, smoking, and sinful behavior. The fast is broken each evening with a meal called Iftar, which is often shared with family and friends

The start of Ramadan can vary depending on the sighting of the crescent moon, leading to different start dates in various countries. For instance, in Saudi Arabia, Ramadan began on March 1, while in other regions, it may start a day earlier or later.

Ramadan is a time for Muslims to strengthen their faith, practice self-discipline, and engage in acts of charity. It is also a period for increased prayer and recitation of the Quran. Many mosques offer special nightly prayers called Taraweeh, which are longer than the regular daily prayers.

As Muslims around the world embark on this sacred journey, the spirit of Ramadan fosters a sense of community, compassion, and spiritual growth. The month-long observance culminates in the celebration of Eid al-Fitr, a festive occasion marking the end of fasting and the beginning of a new month in the Islamic calendar.

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