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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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The Ripple Effect: How Trump's Tariffs Are Reshaping the Global Economy

The global economy is starting to feel the weight of tariffs imposed during Donald Trump's presidency. These trade barriers, aimed at protecting domestic industries, are now causing significant ripple effects across international markets.

The tariffs, initially introduced to boost American manufacturing, have resulted in retaliatory measures from key trading partners. Countries affected by U.S. duties have responded with their own tariffs, leading to disrupted supply chains and increased costs for businesses worldwide. Many industries, from technology to agriculture, are experiencing financial strain as they navigate these new trade hurdles.

For consumers, the impact is also noticeable. Prices on imported goods have risen, forcing households to adjust their spending. Economists warn that prolonged trade tensions could slow global growth, as uncertainty keeps businesses from investing and expanding.

Despite efforts to renegotiate trade deals, the lingering effects of Trump's tariffs remain a challenge. As global markets adapt to these policies, businesses and governments alike must find ways to mitigate their consequences while maintaining economic stability.



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