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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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Trump’s Controversial Stance on Crimea: A Path to Peace or a Political Gamble?


In a recent interview, U.S. President Donald Trump stated that "Crimea will stay with Russia," sparking intense debate over his approach to ending the war in Ukraine. Trump emphasized that Ukrainian President Volodymyr Zelenskyy and others "understand" this position, citing historical ties and the region's predominantly Russian-speaking population. Crimea, annexed by Russia in 2014, remains a contentious issue in peace negotiations.

Trump has accused Zelenskyy of prolonging the conflict by resisting concessions, including the recognition of Crimea as Russian territory. Meanwhile, Russia continues its aggressive military actions, with recent drone strikes causing civilian casualties in Ukraine. Trump’s administration faces mounting pressure to broker a peace deal, with warnings that U.S. military aid to Ukraine could be at risk if negotiations stall.

Critics argue that Trump's stance undermines Ukraine's sovereignty and sets a dangerous precedent. Supporters, however, view it as a pragmatic step toward ending a devastating war. As the situation unfolds, the world watches to see whether this controversial strategy will lead to peace or further conflict.

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