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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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Christians in Jerusalem Observe Solemn Good Friday Procession Through the Old City

 


 Despite the ongoing tensions in the Middle East, Christians in Jerusalem commemorated Good Friday with a poignant procession through the historic Old City. The cobblestone path of the Via Dolorosa, winding through limestone walls, served as a solemn route symbolizing the journey that Jesus Christ is believed to have taken while carrying the cross to his crucifixion.

The significance of Good Friday resonates deeply with Christians worldwide. On this day, they remember the ultimate sacrifice made by Jesus for humanity. Gathered in prayer, worshippers weep and reflect on the profound impact of this pivotal moment in history.

This year’s processions were notably scaled down due to the ongoing Israel-Hamas war, resulting in fewer crowds. However, the faithful came together, demonstrating their unwavering faith and resilience. Amidst conflict, the spirit of Good Friday endures, reminding us of hope, redemption, and the enduring power of belief.

As the sun dipped behind ancient walls, the echoes of prayers reverberated through the narrow streets, connecting the present to a timeless past. The Old City, steeped in history, bore witness to this sacred observance—a testament to the enduring faith of those who walked in the footsteps of Christ.

May this Good Friday serve as a beacon of hope, uniting hearts across borders and reminding us of the eternal message of love and sacrifice.

“For God so loved the world that he gave his one and only Son, that whoever believes in him shall not perish but have eternal life.” — John 3:16


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