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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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Catherine, Princess of Wales, Reveals Cancer Diagnosis and Begins Chemotherapy

 



In a heartfelt video message released on Friday, Catherine, Princess of Wales, announced that she has been diagnosed with cancer and has already commenced chemotherapy. The news comes after weeks of speculation about her health and whereabouts since she underwent unspecified abdominal surgery in January.

The 42-year-old princess described the diagnosis as a “huge shock” for her and her husband, Prince William. She emphasized the need for privacy during this challenging time for their young family. Catherine’s announcement echoes that of King Charles III, who disclosed his own cancer diagnosis and treatment earlier this year.

Catherine’s health journey has been closely followed by the public, especially after her abdominal surgery. Initially believed to be noncancerous, further tests revealed evidence of cancer. Doctors recommended chemotherapy, which she recently began. The recovery process has been arduous, but Catherine has taken the time to explain everything to her children—George, Charlotte, and Louis—and reassure them that she will be okay.

The royal family now faces a period of deep uncertainty. With both the 75-year-old monarch and Catherine dealing with health challenges, the future remains uncertain. The king’s own cancer diagnosis added to the family’s concerns, although the specific type of cancer has not been disclosed.

Catherine, the future queen, implored the public and the media to respect her family’s need for privacy during this difficult time. She expressed gratitude for the support they have received and asked for understanding as they navigate this personal battle.

As the world sends well wishes and hopes for her speedy recovery, Catherine’s strength and resilience shine through. We stand by her side during this challenging chapter, offering our thoughts and prayers for her health and well-being.


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