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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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The Thirst Crisis in Gaza: A Struggle for Survival

 

The Gaza Strip faces an escalating water crisis, with clean sources becoming increasingly scarce due to ongoing conflict and infrastructure damage. Hundreds of thousands of residents have lost access to clean water after the destruction of pipelines and wells during military offensives. Many are forced to walk long distances to fill containers from the few remaining wells, which often fail to provide safe drinking water.

The Coastal Aquifer Basin, Gaza's only natural water source, is severely depleted and polluted, rendering up to 97% of its water unfit for human consumption. Desalination plants and sanitation facilities have also been heavily damaged, leaving the population with limited options. The daily water supply has dropped to an average of 3-5 liters per person, far below the minimum needed for basic survival.

This crisis highlights the urgent need for humanitarian aid and sustainable solutions to ensure access to clean water for Gaza's 2.3 million residents. Without immediate intervention, the situation could worsen, threatening lives and livelihoods across the region.

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