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5 Things to Know Today: BoC Decision Day, Fed, Loonie, Tariff Talks and OAS Boost

  Canadian Money Brief 5 Things to Know Today Wednesday, October 28, 2026 It’s a heavy day for Canadian wallets. The Bank of Canada announces its rate decision this morning, the U.S. Fed follows this afternoon, tariff talks are heating up, and bigger OAS deposits land in bank accounts. Here’s what to know. 1 The Bank of Canada decides this morning — a hike is widely expected The decision lands at 9:45 a.m. ET, along with a new Monetary Policy Report. Markets and economists expect a quarter-point increase to 2.50% from 2.25%, which would be the first hike since July 2023. Nineteen of 34 economists in a Reuters poll called for the move, and investors were pricing roughly a 75% chance on Tuesday. The case for it: inflation hit 3.1% in September, driven almost entirely by energy, even as core measures eased below 2%. What it means for you A hike would likely lift prime rates quickly, so variable-rate mortgages and HELOCs feel it first. Roughly, 0.25 points adds about $250 a year per $...
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Canadian Job Market Shows Resilience: 41,000 New Jobs Added Despite Unemployment Rate Uptick


In a recent report by Statistics Canada, the Canadian job market demonstrated resilience in February. Despite the challenges posed by population growth, employers added 41,000 net new jobs during the month. These gains were primarily driven by an increase in full-time positions.

However, the unemployment rate also saw a slight uptick, rising to 5.8 per cent. This development highlights the delicate balance between job creation and population expansion. As the country continues to grow, policymakers and economists closely monitor these trends.

The services sector played a significant role in employment gains, reflecting a diverse range of industries. The Bank of Canada remains vigilant, observing labor market dynamics and wage growth as it assesses the need for any adjustments to its benchmark interest rate.

While the Canadian economy faces headwinds, the job market’s ability to generate new employment opportunities is a positive sign. As we navigate the complexities of a changing workforce, staying informed about these trends is crucial for individuals and policymakers alike.


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