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Canada's Economy Just Grew 3.3% — Here's Why That Makes a September Rate Cut Even Less Likely

  Published August 29, 2026 If you've been holding out hope that a slowing economy might finally push the Bank of Canada toward a rate cut, Friday's numbers just closed that door a little further. Statistics Canada reported that the Canadian economy grew at an annualized pace of 3.3% in the second quarter — the fastest rate since 2023 — and revised figures show the first quarter expanded 0.3% rather than shrinking as originally reported. That confirms Canada never actually slid into a technical recession this year. It's good news for the economy. It's less good news if you were counting on lower borrowing costs anytime soon. What actually drove the growth The rebound was broad-based. Exports posted their strongest performance in 39 months, business investment in factories, equipment and commercial real estate jumped, and consumer spending held up as well. On a per-person basis, output grew at a 3.8% annualized clip — the quickest pace since late 2021, even with Canada...
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Pope Francis to Make First Public Appearance in Over a Month

Pope Francis, 88, is set to make his first public appearance in five weeks this Sunday. The Vatican announced that the pontiff, who has been battling double pneumonia, will greet the public and offer a blessing from the window of his room at Rome's Gemelli Hospital. This marks a significant moment, as the pope has been hospitalized since February 14, making this his longest absence from public view since his election in 2013.

While his health has shown improvement, the Vatican has indicated that Pope Francis will not deliver the traditional Angelus prayer this Sunday, signaling that his recovery is ongoing. The pope's hospitalization has been a challenging period, but his resilience and determination to connect with the faithful remain evident.

This appearance will undoubtedly bring relief and joy to Catholics worldwide, who have been praying for his swift recovery. It also highlights the pope's commitment to his role, even amidst health challenges.

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