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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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TSX Futures Ease After Record-Breaking Rally on Rate Cut Hopes

 


Canada’s main stock index is taking a breather in premarket trading after closing at an all-time high last week. Futures on the S&P/TSX Composite slipped about 0.26% early Monday, following Friday’s surge to 28,333.13 — a record close driven by optimism that the U.S. Federal Reserve could cut interest rates as soon as September.

The rally was fueled by Fed Chair Jerome Powell’s comments at the Jackson Hole symposium, where he acknowledged rising risks to the job market while keeping inflation concerns in view. Major brokerages, including Barclays and Deutsche Bank, now expect a 25-basis-point cut next month.

Oil prices steadied amid concerns over potential Russian supply disruptions, while gold eased from a two-week high as the U.S. dollar strengthened. Investors are now eyeing key economic data this week, including Canada’s second-quarter GDP and U.S. tech earnings from Nvidia, which could influence market momentum.


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