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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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Songkran: Thailand’s Splendid New Year Celebration

Thailand’s New Year festivities are a vibrant blend of tradition and joy, with the Songkran Festival standing at its heart. Celebrated annually from April 13 to 15, Songkran marks the start of the Buddhist New Year. The festival is famed for its jubilant water fights that splash across streets and towns, drawing both locals and tourists into a dazzling melee of fun. 

Traditionally, Songkran is a time to honor ancestors, visit temples, and cleanse Buddha statues with scented water—a ritual believed to bring good luck and blessings. The water element holds deep symbolism, representing purification and renewal as individuals metaphorically wash away past misfortunes.

Over the years, Songkran has evolved into an exhilarating cultural event that highlights Thailand’s charm. Streets transform into battlegrounds for water pistol wars, buckets fly, and hoses unleash cascades of joy. Cities like Chiang Mai and Bangkok host lively parades, music, and traditional dances that enliven the festival further.

Songkran is much more than a celebration—it’s a reflection of Thailand’s warm spirit, creating unforgettable memories of connection and laughter. It’s safe to say that in Thailand, the New Year doesn’t just start; it splashes its way in!

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