Skip to main content

Featured

The Bank of Canada Warns of Higher Inflation: What It Means for Your Money

  The Bank of Canada Warns of Higher Inflation: What It Means for Your Money October 29, 2026 | Canadian Money Brief Canadians could face another year of rising living costs. Here's how to protect your savings, manage your grocery bill and make smarter financial decisions. If you thought inflation was finally becoming yesterday's problem, the Bank of Canada's latest forecast delivers an important reminder: the cost of living could remain under pressure well into next year. In its October 28, 2026, Monetary Policy Report, the Bank of Canada warned that inflation is expected to remain above 3% through much of 2027 before gradually returning close to its 2% target by the middle of 2028. Higher energy prices, rising import costs and trade uncertainty are contributing to the outlook. The Bank also raised its overnight policy rate by 0.25 percentage points to 2.50% in an effort to contain inflationary pressures. For Canadian households, the message is clear: even if inflation eve...
Post a Comment
Read more

article

Labels

Ontario's Measles Outbreak Worsens as Cases Surge


Ontario is grappling with a rapidly escalating measles outbreak, as health officials report nearly 200 new cases in the past week. The province's total count of probable and confirmed infections has now reached 1,440 since the outbreak began in October.

The highly contagious virus has spread to new regions across Canada, with Nova Scotia and Northwest Territories recently confirming their first cases. Alberta has also seen a sharp rise, reporting nearly 300 cases since mid-March, including three children in intensive care.

Ontario's southwestern region remains the hardest hit, with nearly 500 cases concentrated there. Health officials emphasize that the majority of infections are occurring among unvaccinated children, infants, and teenagers.

With hospitalizations climbing 101 patients admitted, including 75 children public health authorities are urging residents to ensure their vaccinations are up to date. The province continues to ramp up immunization efforts in an attempt to curb the outbreak's spread.



Labels:

Comments

Post a Comment