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BoC Set to Hike Into a Weak Economy: What It Means for You

  Canadian Money Brief • Feature Monday, October 26, 2026 • Written ahead of the 9:45 a.m. ET decision on Wednesday, Oct. 28 The Bank of Canada is about to do something that looks backwards. Jobs are disappearing, the housing market is sluggish, and yet money markets and most economists expect the central bank to raise its key rate on Wednesday. If it happens, your budget gets squeezed from two directions at once: higher borrowing costs and a shakier job market. The short version • Expected move: +0.25 point to 2.50% on Oct. 28, up from 2.25% • Reuters poll: 56% of economists (19 of 34) call for a hike, and a majority see one more by end of March • Why now: energy-driven inflation (3.1% in September) and a bank worried it spreads • The catch: 68,300 jobs lost in September , unemployment at 6.5% Why would the bank hike when the economy is wobbling? Reuters reports the Bank of Canada is expected to raise its rate as a pre-emptive strike: the goal is to stop an oil-driven jump in p...
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Diplomatic Struggles: Russia and the U.S. Face Challenges in Ukraine Peace Talks

 

Russia’s Foreign Minister Sergei Lavrov has acknowledged the difficulties in reaching a peace agreement with the United States regarding the ongoing war in Ukraine. In an interview with the Kommersant newspaper, Lavrov stated that while discussions are taking place, agreeing on the key components of a settlement remains a challenge.

The diplomatic negotiations come amid continued tensions between Russia and Ukraine, with both sides seeking a resolution that aligns with their respective interests. While U.S. officials have expressed optimism about the possibility of a peace deal, Russia has been cautious, emphasizing the complexity of the discussions.

Despite the hurdles, efforts to broker a lasting peace continue, with international stakeholders closely monitoring the situation. The outcome of these negotiations could have significant implications for global stability and the future of Ukraine’s sovereignty.


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