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Canada's Economy Is Slowing: 5 Money Moves to Make Before Year-End

  Canadian Money Brief | October 22, 2026 Canada's economic outlook has weakened, and that is a good reason to take a fresh look at your finances before the end of the year. The Parliamentary Budget Officer's October outlook projects real GDP growth of just 0.9% in 2026, down from its earlier forecast of 1.1%. The report points to changing trade conditions and U.S. tariffs as key pressures. This does not mean a recession is guaranteed. But when the economy faces uncertainty, a few practical steps can help households stay prepared and avoid unnecessary costs. 1. Review your monthly budget Check your last two or three months of bank and credit-card statements. Look for subscriptions you no longer use, recurring fees, food waste, and purchases that can be delayed. Even small cuts can free up cash for savings or debt repayment. Try this: Choose one spending category to reduce this month and move the money you save into a separate savings account. 2. Build or top up your emergency ...
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ECB Holds Rates Steady Amid Trade Uncertainty and Inflation Stabilization

 


ECB Pauses Rate Cuts in July Decision

The European Central Bank (ECB) opted to keep its key interest rates unchanged during its July 2025 policy meeting, signaling a cautious approach amid ongoing global trade tensions and a stabilizing inflation outlook.

Key Highlights

  • Rates Held Steady:

    • Deposit Facility: 2.00%
    • Main Refinancing Operations: 2.15%
    • Marginal Lending Facility: 2.40%

  • Inflation at Target:
    Annual inflation in the eurozone reached the ECB’s medium-term target of 2% in June, prompting the bank to pause its rate-cutting cycle after eight consecutive reductions over the past year.

  • Economic Resilience:
    Despite geopolitical and trade uncertainties, the eurozone economy has shown resilience, supported by strong labor markets, rising wages, and increased public investment.

  • Trade Tensions Loom:
    The ECB cited the ongoing tariff negotiations between the EU and the U.S. as a major source of uncertainty. A potential 15% tariff on EU exports could impact growth and inflation, influencing future monetary policy decisions.

  • Forward Guidance:
    ECB President Christine Lagarde emphasized a “data-dependent and meeting-by-meeting” approach, with no pre-commitment to a specific rate path. The bank will reassess its stance in September when updated forecasts are available.

Market Reaction

The euro showed mild volatility following the announcement, trading slightly lower against the U.S. dollar. Investors are now watching closely for signs of further easing later this year, especially if trade negotiations falter or inflation dips below target.


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