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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...
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The Royal Canadian Mounted Police (RCMP) have announced a scaled-back search for six-year-old Lily Sullivan and four-year-old Jack Sullivan, who went missing from their home in Lansdowne Station, Nova Scotia, six days ago. Despite the adjustment, authorities emphasize that the investigation remains active and ongoing.

The search, which has involved multiple agencies, helicopters, drones, and hundreds of volunteers, has covered approximately four square kilometers of dense forest. Officials cite challenging terrain, exhaustion among search teams, and the probability of survival as factors in their decision to reduce the scale of operations. However, they stress that efforts will continue, with investigators revisiting key areas to ensure no clues are overlooked.

The children's stepfather, Daniel Martell, expressed gratitude for the extensive search efforts and the support from the community. While authorities maintain that there is no evidence of abduction, Martell remains hopeful and has urged officials to expand the search beyond provincial borders.

RCMP Staff Sgt. Curtis MacKinnon reassured the public that the investigation is far from over. "We’re not packing up, and we’re not giving up," he stated, emphasizing that the search will persist until Lily and Jack are found.

As the community holds onto hope, authorities continue their work, determined to bring the missing children home.

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