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Canada's Economy Just Grew 3.3% — Here's Why That Makes a September Rate Cut Even Less Likely

  Published August 29, 2026 If you've been holding out hope that a slowing economy might finally push the Bank of Canada toward a rate cut, Friday's numbers just closed that door a little further. Statistics Canada reported that the Canadian economy grew at an annualized pace of 3.3% in the second quarter — the fastest rate since 2023 — and revised figures show the first quarter expanded 0.3% rather than shrinking as originally reported. That confirms Canada never actually slid into a technical recession this year. It's good news for the economy. It's less good news if you were counting on lower borrowing costs anytime soon. What actually drove the growth The rebound was broad-based. Exports posted their strongest performance in 39 months, business investment in factories, equipment and commercial real estate jumped, and consumer spending held up as well. On a per-person basis, output grew at a 3.8% annualized clip — the quickest pace since late 2021, even with Canada...
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A Solemn Reflection of Humility: The “Washing of the Feet” Ceremony in Jerusalem

 


In the heart of Jerusalem, a profound tradition unfolds as Orthodox Christians congregate to observe the “Washing of the Feet” ceremony. This sacred event, held outside the Church of Holy Sepulchre, is a testament to the enduring rituals that have been passed down through generations.

The ceremony, which took place on Thursday, saw the faithful gather in reverence and piety. The ritual is deeply symbolic, echoing the humility and service exemplified by Jesus Christ during the Last Supper, as he washed the feet of his disciples. It’s a poignant reminder of the virtues of servitude and humility that lie at the core of Christian teachings.

The Church of Holy Sepulchre, a site venerated by Christians worldwide, provides a fitting backdrop for this solemn observance. The ancient stones of the church have witnessed countless acts of devotion, and the “Washing of the Feet” is a continuation of this rich spiritual legacy.

As the world watches, the Orthodox Christian community in Jerusalem carries forward a message of humility and service, resonating with the teachings that have shaped their faith. This ceremony is not just a ritual; it is a living expression of a faith that values the act of giving over receiving, and the strength found in kneeling to serve others.

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