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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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Global Stock Market Plunge: Nasdaq Futures Sink 4%, Dow Futures Tumble


The global stock market is experiencing a significant sell-off today, with major indices plummeting amid growing concerns over the health of the U.S. economy.

Nasdaq 100 futures have dropped nearly 5%, while Dow Jones Industrial Average futures have cascaded down by 800 points, equivalent to a 4% decline. The S&P 500 futures are also down by almost 3%. This sharp decline follows Friday’s disappointing U.S. jobs report, which has intensified fears that the Federal Reserve may have delayed cutting interest rates for too long.

The sell-off is not confined to the U.S. markets. In Asia, Japan’s Nikkei 225 suffered its largest one-day drop ever, plunging over 12%. European markets are also feeling the pressure, with the Stoxx Europe 600 down more than 3%.

Major tech stocks are among the hardest hitApple has fallen over 6% following news that Berkshire Hathaway has halved its stake in the companyNvidia and Tesla have also seen significant declines, dropping 10% and 8% respectively. The cryptocurrency market is not immune either, with Bitcoin sinking more than 15%.

Investors are flocking to safer assets, driving up the prices of U.S. Treasuries and gold. The benchmark 10-year Treasury yield has fallen below 3.8%, and gold futures have risen as traders seek refuge from the market turmoil.

As the week progresses, all eyes will be on the Federal Reserve and upcoming economic data, particularly the weekly unemployment claims due on Thursday. The market’s reaction to these developments will be crucial in determining whether this sell-off marks the beginning of a more prolonged downturn.


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