Scotiabank expects Canada’s GDP growth to slow to 0.9% in 2026 and pick up to 2.2% in 2027.

Hebei meteorological observatory issued an orange heavy-rain warning at 09:11 on Aug 25, forecasting heavy to very heavy rain from the afternoon of Aug 25 to the morning of Aug 26 across southern Zhangjiakou, southern Tangshan, Baoding, Xiong'an New Area, Langfang, Shijiazhuang, Cangzhou, Hengshui and nearby areas; local totals may exceed 200 mm, with convective storms producing up to 70 mm/hr or 100 mm/6 hr. After assessment, the Hebei Provincial Flood Control and Drought Relief Headquarters activated a level-4 flood emergency response at 10:00 on Aug 25 for Shijiazhuang, Zhangjiakou, Tangshan, Langfang, Baoding, Cangzhou, Hengshui, Xiong'an New Area, Dingzhou and Xinji.

Takayuki Miyajima, economist at Sony Financial Group, said Prime Minister Sanae Takaichi's expansionary fiscal policy remains one of the biggest risks to the JGB market. He noted the US government has voiced concern over a weak yen and rising JGB yields, making it unlikely Takaichi's administration would press ahead with fiscal expansion while disregarding market and Washington objections. Miyajima added that if that expectation proves wrong, the fiscal risk premium could rise again and push the 10-year JGB yield well above 3%.