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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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Tragedy in the Aegean: Migrant Boat Sinks Off Turkey, 14 Dead

Health workers stand next to a body bag as members of the Coast Guard Command conduct a search and rescue operation after a migrant boat sank off the coast of Bodrum, in western Mugla province.

At least 14 people lost their lives after a rubber boat carrying migrants sank off the coast of Bodrum in Turkey’s western Mugla province early Friday morning. Authorities reported that the vessel, carrying 18 people, began taking on water shortly after departure and quickly went under.

An Afghan survivor managed to swim back to shore and alerted emergency services around 1 a.m., prompting a large-scale search and rescue operation. A second survivor was later found on Celebi Island, while coast guard teams recovered the bodies of 14 victims from the sea.

The Aegean Sea remains one of the most perilous routes for migrants attempting to reach Europe, with overcrowded and unseaworthy boats often leading to deadly accidents. Turkish authorities confirmed that rescue operations are ongoing to ensure no additional passengers remain missing.


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