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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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Saudi-Pakistan Defense Pact Brings Nuclear Deterrence Into Gulf Security Equation


Saudi Arabia and Pakistan have signed a landmark Strategic Mutual Defense Agreement that could reshape the Middle East’s security landscape by placing the kingdom under Islamabad’s nuclear umbrella.

The pact, announced in Riyadh on Wednesday, declares that an attack on one nation will be treated as an attack on both. In a rare public acknowledgment, Pakistan’s Defence Minister Khawaja Mohammad Asif said his country’s nuclear capabilities “will be made available” to Saudi Arabia if needed. While both sides stress the arrangement is purely defensive, analysts say it sends a clear signal to regional rivals — particularly Israel, widely believed to be the Middle East’s only nuclear-armed state — and reflects waning Gulf confidence in U.S. security guarantees.

The agreement comes amid heightened tensions following Israeli strikes in Qatar and ongoing fears over Iran’s nuclear ambitions. For Saudi Arabia, the pact offers a potential strategic counterweight; for Pakistan, it deepens a decades-long security and financial partnership with the Gulf’s largest economy.


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