Skip to main content

Featured

5 Things to Know Today: GDP, Tariff Swap, Loonie & EU Summit (Oct 30)

  CANADIAN MONEY BRIEF • Friday, October 30, 2026 GDP lands this morning, the U.S. tariff list gets reshuffled, and the loonie is at a six-week high. Here are the five things Canadians should know today. 1 GDP day: will August show the economy bouncing back? Statistics Canada releases August GDP at 8:30 a.m. ET, along with an early read on September and the third quarter. Economists expect growth of 0.2%, a bounce from the flat reading in July. The data will only partly capture the 50% U.S. tariffs, which started Aug. 22. Meanwhile, Thursday's payroll data showed employment down 49,600 (-0.3%) in August, after a 15,700 drop in July. What it means for you: The Bank of Canada raised its rate to 2.50% on Wednesday. Soft jobs plus a hike is the squeeze to watch: variable-rate mortgage and HELOC payments are rising while the job market cools. A weak GDP print could cool talk of more hikes; a strong one could keep it alive. 2 The U.S. tariff list changes today, but it's a swap, not...
Post a Comment
Read more

article

Labels

Trump Suggests Making Canada the 51st U.S. State: A Bold Proposal

 

In a recent statement, former President Donald Trump made waves by suggesting that Canada should become the 51st state of the United States. While speaking at a rally, Trump claimed that the idea of incorporating Canada into the U.S. was not just a passing thought, but a "real thing" he was considering.

The bold proposal has sparked immediate reactions, with many questioning its feasibility and implications. Critics point to the significant political, cultural, and economic differences between the two countries, which might make such an integration challenging. Supporters, however, see it as an opportunity for stronger economic ties and a unified front on the global stage.

Although Trump’s suggestion was likely meant to stir conversation, it raises important questions about the future of North American relations and the boundaries of national identity. Whether this idea gains any traction or remains a talking point in political circles, it has certainly captured the attention of many.

Labels:

Comments

Post a Comment