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BoC Set to Hike Into a Weak Economy: What It Means for You

  Canadian Money Brief • Feature Monday, October 26, 2026 • Written ahead of the 9:45 a.m. ET decision on Wednesday, Oct. 28 The Bank of Canada is about to do something that looks backwards. Jobs are disappearing, the housing market is sluggish, and yet money markets and most economists expect the central bank to raise its key rate on Wednesday. If it happens, your budget gets squeezed from two directions at once: higher borrowing costs and a shakier job market. The short version • Expected move: +0.25 point to 2.50% on Oct. 28, up from 2.25% • Reuters poll: 56% of economists (19 of 34) call for a hike, and a majority see one more by end of March • Why now: energy-driven inflation (3.1% in September) and a bank worried it spreads • The catch: 68,300 jobs lost in September , unemployment at 6.5% Why would the bank hike when the economy is wobbling? Reuters reports the Bank of Canada is expected to raise its rate as a pre-emptive strike: the goal is to stop an oil-driven jump in p...
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Massive Fish Die-Off Strikes Greek Tourist Port

 

In a shocking environmental event, the picturesque port city of Volos in central Greece has been inundated with thousands of dead fish. The mass die-off, which has left the waters and shores littered with rotting fish, is believed to be a consequence of recent extreme weather fluctuations.

Authorities have reported that over 100 tons of dead fish have been collected from the port and surrounding areas. The fish, primarily freshwater species, were displaced from their natural habitats by severe flooding and subsequently exposed to the salty waters of the port, leading to their demise.

The sight and stench of the decaying fish have dealt a significant blow to the local tourism industry, which relies heavily on the pristine condition of its coastal waters. Cleanup efforts are underway, with officials working tirelessly to restore the area to its former beauty.

Scientists have linked this environmental disaster to the broader impacts of climate change, highlighting the urgent need for sustainable practices to mitigate such occurrences in the future.


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