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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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EU to Introduce €3 Duty on Online Parcels Starting July 2026


The European Union has announced that from July 2026, a €3 duty will be applied to all e-commerce parcels entering the bloc. The measure is part of a broader effort to modernize customs procedures, ensure fair competition, and strengthen revenue collection from the rapidly growing online shopping sector.

Currently, small parcels valued under €150 often bypass traditional customs duties, creating loopholes that favor certain sellers outside the EU. The new flat-rate fee aims to simplify the process, reduce fraud, and level the playing field for European businesses.

While the duty is expected to generate significant revenue, critics warn it could increase costs for consumers who frequently purchase low-value items from international platforms. Supporters argue that the measure will enhance transparency and help fund public services, while also encouraging buyers to shop locally.

The EU plans to roll out digital customs systems alongside the new duty, making parcel tracking and fee collection more efficient.


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