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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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Shock and Sorrow: Pilgrims Mourn Pope’s Sudden Passing in St. Peter’s Square

 


The joyous Easter celebrations in Vatican City took an unexpected and somber turn as news of the Pope’s death rippled through the crowds gathered in St. Peter’s Square. Thousands of pilgrims, basking in the warm spring sun, had assembled for traditional Easter Sunday blessings when the devastating announcement came.

Gasps of disbelief and waves of grief spread through the congregation, many falling to their knees in prayer. Tears streamed down faces as worshipers clutched rosaries and embraced one another in mourning. The Pope, revered by millions around the world, had long been a spiritual beacon, guiding the faithful with wisdom and compassion.

“This is unreal,” said a tearful pilgrim from Argentina. “We came here expecting to celebrate Easter with him, and now we’re mourning. He was like a father to us all.”

Vatican officials swiftly arranged a special memorial service, allowing pilgrims to offer their respects. Candles were lit, and hymns filled the square as the faithful gathered in collective remembrance. The mood, though tragic, was one of deep unity—an enduring testament to the Pope’s lasting impact on the world.

As the Church prepares for the difficult days ahead, believers across the globe join in mourning and reflection, honoring the life and legacy of a leader who dedicated himself to peace, faith, and service.

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