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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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Colombia on Edge as Trump’s Post‑Venezuela Threats Stir Regional Anxiety

Colombian military patrol the Simón Bolívar International Bridge in Cúcuta on Tuesday. After the U.S. seized Venezuelan President Nicolás Maduro, members of powerful armed groups started arriving in Colombia from neighbouring Venezuela.

Tensions in Colombia have intensified following President Donald Trump’s forceful remarks in the wake of the U.S. military operation that captured Venezuelan leader Nicolás Maduro. The comments have revived long‑standing fears about regional instability and raised questions about the future of U.S.–Colombia relations.

Rising Tensions After the Venezuela Strike

In the aftermath of the Venezuela attack, Trump issued sharp warnings toward Colombia, accusing President Gustavo Petro of enabling drug production and trafficking. He suggested that Petro’s government “would not be doing it for long,” a statement widely interpreted as a threat of potential intervention.

The remarks came amid a broader pattern of aggressive rhetoric toward several countries, signaling a more confrontational U.S. posture in the region.

Petro Responds Forcefully

President Gustavo Petro condemned the statements as an illegitimate threat against a democratically elected government. He warned that any attempt to remove him would provoke a strong national response and emphasized that Colombia’s armed forces are committed to defending the constitutional order.

Regional and Global Fallout

Governments across Latin America have reacted with concern, especially following the Venezuela operation, which many criticized as a violation of sovereignty. Trump’s comments have heightened fears that further U.S. actions could destabilize a region already grappling with economic pressures, migration challenges, and political polarization.

What Comes Next?

While no concrete actions have followed the threats, the uncertainty alone has unsettled Bogotá and its neighbors. With diplomatic tensions rising, Latin America may be entering one of its most unpredictable periods in recent years.


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