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The Bank of Canada Warns of Higher Inflation: What It Means for Your Money

  The Bank of Canada Warns of Higher Inflation: What It Means for Your Money October 29, 2026 | Canadian Money Brief Canadians could face another year of rising living costs. Here's how to protect your savings, manage your grocery bill and make smarter financial decisions. If you thought inflation was finally becoming yesterday's problem, the Bank of Canada's latest forecast delivers an important reminder: the cost of living could remain under pressure well into next year. In its October 28, 2026, Monetary Policy Report, the Bank of Canada warned that inflation is expected to remain above 3% through much of 2027 before gradually returning close to its 2% target by the middle of 2028. Higher energy prices, rising import costs and trade uncertainty are contributing to the outlook. The Bank also raised its overnight policy rate by 0.25 percentage points to 2.50% in an effort to contain inflationary pressures. For Canadian households, the message is clear: even if inflation eve...

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Your daily horoscope: March 18, 2025

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

You need to shut down that nagging voice in the back of your mind that is always urging caution. Yes, of course, you can’t just take risks left, right and center but you will need to be adventurous this year if you want to make serious progress.

ARIES (March 21 - April 20):

You have done so many favours for so many people in recent weeks, so it’s no surprise you are feeling a bit rundown. Give yourself a couple of days off, because the sun’s change of signs on Thursday will bring more challenges your way.

TAURUS (April 21 - May 21):

Your feelings for someone have gone from one extreme to the other in recent weeks and it’s time you got yourself back on an even keel. Start by recognizing that you cannot afford to let your heart rule your head every moment of every day.

GEMINI (May 22 - June 21):

It’s a good thing that you enjoy surprises because the planets are lining up something that will shock you in a positive way. Someone you thought you knew everything about will reveal their big secret over the next few days, and it will blow you away!

CANCER (June 22 - July 23):

If there is something about your life you would like to change then think about it seriously today and tomorrow and be ready to make it happen when the sun crosses into the career area of your chart on Thursday. The bigger the change the better.

LEO (July 24 - Aug. 23):

You may not get along with someone on a personal level but that does not mean you cannot co-operate with them in a professional capacity. It could in fact work in your favour in that you don’t waste time on unnecessary and distracting small talk.

VIRGO (Aug. 24 - Sept. 23):

If you must be critical of someone’s efforts today make sure your words are designed to be constructive rather than destructive. The more you build up their confidence now the more likely it is they will make a better job of things later on.

LIBRA (Sept. 24 - Oct. 23):

If you are asked to undertake a job you have no experience in today it might be wiser to turn it down. That won’t be easy, of course, as you always hate to say “No” but on this occasion it could save you from a lot of grief.

SCORPIO (Oct. 24 - Nov. 22):

Usually you are very good at hiding your true feelings, especially when they are negative, but that may not be possible today. In a way that’s good because if you don’t make a bit of a fuss now those feelings could get worse over time.

SAGITTARIUS (Nov. 23 - Dec. 21):

The more you try to understand why a loved one is upset about something that seems trivial to you the further away from an answer you will get. So stop trying, put some distance between you and let them enjoy feeling hard done by.

CAPRICORN (Dec. 22 - Jan. 20):

The past few weeks have been quite exciting and there is no reason why the next few weeks should not be exciting as well, but you will soon have to take on more responsibilities on the home front, so don’t plan quite so many social events.

AQUARIUS (Jan. 21 - Feb. 19):

It may come as a shock to discover that a friend has done something so out of character but that’s because you don’t know them as well as you thought. Stop trying to project your own values on them and see them for who they really are.

PISCES (Feb. 20 - Mar. 20):

Trust your own feelings today and don’t go along with the crowd just because you don’t want to be the odd one out. If what others are proposing strikes you as risky then simply refuse to take part. You can say “I told you so” later on.

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