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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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European Delights on an Economical Budget: Unforgettable Highlights for Thrifty Travelers

 A vacation in Europe offers a plethora of enchanting highlights that can be enjoyed even on an economical budget. Start by exploring the historic charm of Prague, Czech Republic, with its stunning architecture and vibrant atmosphere. Then, head to Budapest, Hungary, where you can soak in the thermal baths and admire the grandeur of the Danube River. Next, make your way to Krakow, Poland, to revel in its rich history and visit the awe-inspiring Wieliczka Salt Mine. For a coastal retreat, consider the sunny beaches of Portugal's Algarve region, where affordable accommodations and fresh seafood abound. Finally, wrap up your journey by traversing the charming streets of Sofia, Bulgaria, known for its friendly locals and budget-friendly cuisine. With careful planning and a sense of adventure, you can experience the best of Europe without breaking the bank.






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