News for residents of the “11th province”: Canadians abroad.
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Thirty Canadians Missing in the Himalayas
Global Affairs Canada says 30 Canadian citizens/ permanent residents are missing after flash floods and mudslides tore through the Nepal-Tibet border region on Wednesday.
The disaster hit a mountain area that’s very popular and used by trekkers, tour groups and pilgrims heading toward Mount Kailash. CBC said that at least hundreds are dead and more than 1,300 remain missing. Foreign Affairs Minister Anita Anand said Canadian officials are trying to confirm who is safe, and CBC says five consular staff members are being sent to Kathmandu.
One of the less-fun parts of working the consular desk, surely.
Read more: CBC / Global News
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A photo from the old country:
Rates Wait on Wednesday
The Bank of Canada will make its next rate call next Wednesday, September 2, and markets and mortgage watchers are expecting another hold at 2.25 percent.
The bank has kept the overnight rate unchanged since October 2025, after dropping it 25 basis points from 2.50 percent. The problem is the usual bad sandwich of inflation (up to 3 percent in July), alongside the trade fight with the U.S. that’s still weighing heavily over pretty much everything. That reality leaves the bank with little room to cut - certainly less room to cut than borrowers would appreciate.
The rate call is still relevant to Canadians abroad since Canadian mortgages, savings rates, bond yields, exchange-rate pressure and investment income all get moved around based on the same data.
Come Wednesday, the loonie will be listening.
Read more: MoneySense