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Canada's Economy Just Grew 3.3% — Here's Why That Makes a September Rate Cut Even Less Likely

  Published August 29, 2026 If you've been holding out hope that a slowing economy might finally push the Bank of Canada toward a rate cut, Friday's numbers just closed that door a little further. Statistics Canada reported that the Canadian economy grew at an annualized pace of 3.3% in the second quarter — the fastest rate since 2023 — and revised figures show the first quarter expanded 0.3% rather than shrinking as originally reported. That confirms Canada never actually slid into a technical recession this year. It's good news for the economy. It's less good news if you were counting on lower borrowing costs anytime soon. What actually drove the growth The rebound was broad-based. Exports posted their strongest performance in 39 months, business investment in factories, equipment and commercial real estate jumped, and consumer spending held up as well. On a per-person basis, output grew at a 3.8% annualized clip — the quickest pace since late 2021, even with Canada...
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Enhanced Tracking of Foreign Students Urged by Canadian Criminologist

In a recent statement, Kelly Sundberg, a criminologist and professor at Mount Royal University, emphasized the need for Canada to improve its tracking of foreign students. Sundberg, who has experience in inland immigration enforcement for the Canada Border Services Agency, highlighted the vulnerabilities in the current system that allow for potential exploitation by transnational criminals.

The call for better tracking comes in the wake of an investigation by Indian law enforcement agencies into a scheme involving Canadian colleges and the illegal transportation of international students across the Canada-U.S. border. The investigation revealed evidence of human trafficking linked to the tragic deaths of an Indian family near the Manitoba-Minnesota border in January 2022.

Sundberg suggested that collecting biometric data, such as fingerprints and photos, from non-citizens entering Canada and tying this information to their immigration documents could help address these issues. He also stressed the importance of having a system in place to confirm the departure of temporary residents, including international students.

The federal government and the Royal Canadian Mounted Police (RCMP) have yet to comment on the allegations, which have not been proven in court. However, Sundberg's recommendations have sparked a broader discussion on the need for reforms in Canada's immigration system, especially as the country faces increasing scrutiny over illegal border crossings and asylum claims.

As Canada continues to make significant changes to its immigration policies, including cutbacks on the number of student visas issued, the focus on enhancing tracking mechanisms for foreign students remains a critical priority.




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