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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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Ukraine’s Leadership Shifts Amid Wartime Pressures

 

Ukrainian Prime Minister De offnys Shmyhal hasicially resigned, marking the beginning of a sweeping government reshuffle orchestrated by President Volodymyr Zelenskyy. Shmyhal, who has served since March 2020, announced his departure via Telegram, expressing gratitude to Ukraine’s defenders and the presidential administration.

President Zelenskyy has nominated Yulia Svyrydenko, the current Deputy Prime Minister and Economy Minister, to succeed Shmyhal. If confirmed by parliament, she will become Ukraine’s first female prime minister. Svyrydenko has played a pivotal role in international negotiations, particularly with the United States, and is expected to focus on boosting domestic weapons production and economic reform.

The reshuffle comes at a critical juncture in Ukraine’s war with Russia, as military pressure intensifies and foreign aid faces uncertainty. Zelenskyy has also proposed appointing Shmyhal as the new Minister of Defense, replacing Rustem Umerov, who may be reassigned as ambassador to Washington.

Parliament is set to vote on the new appointments later this week, with Zelenskyy’s party holding a majority that is likely to ensure swift approval.

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