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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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Frugal Travel: Making the Most of Your Vacation on a Budget


frugal vacation


Having a fantastic vacation on a frugal budget is entirely achievable with careful planning and resourcefulness. First, opt for off-season travel to secure lower-priced accommodations and discounted attractions. Consider staying in budget-friendly lodging options like hostels, guesthouses, or vacation rentals with kitchen facilities to save on dining expenses.


Research and take advantage of free or low-cost activities such as hiking, exploring local parks, and attending community events. Utilize public transportation instead of expensive taxis or rental cars whenever possible. Plan and prepare meals from local markets and grocery stores, embracing the chance to savor regional cuisine affordably. Finally, prioritize experiences over materialistic indulgences, immersing yourself in the culture and heritage of the destination, ensuring a memorable and enriching vacation without breaking the bank.












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