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5 Things to Know Today (Oct. 1): Minimum Wage Hike, Cooler U.S. Inflation, Oil Below $100

  Thursday October 1, 2026 A new quarter, a higher minimum wage in Ontario and a softer inflation read south of the border. Here are the five things that matter to your wallet today. 1 Ontario's minimum wage rises to $17.95 today Ontario's general minimum wage climbs 35 cents, from $17.60 to $17.95 an hour, as of October 1 — a roughly 2% bump tied to Ontario's CPI. The student rate goes to $16.90 (from $16.60) and the homeworker rate to $19.70. A full-time worker at 40 hours a week earns about $718 a week before deductions. Federally regulated workers already have an $18.15 floor, which has applied since April 1. What it means for you: If you pay anyone by the hour — a cleaner, a part-time helper, a seasonal worker — hours worked from today forward must be paid at no less than $17.95, even if the pay period started in September. Workers should check their next paycheque. 2 Cooler U.S. inflation eases the pressure on rate hikes The Fed's preferred inflation gauge came i...
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Wall Street Leans Modestly Lower Ahead of Inflation Data

 

Wall Street opened with a slight dip today as investors eagerly await Friday’s inflation update from the government. Here are the key highlights:

  1. Corporate Earnings Digestion:

    • Markets are processing recent corporate earnings reports.
    • FedEx (FDX) surged 14.6% after beating Wall Street’s Q4 sales and profit targets.
    • Chipmaker Nvidia (NVDA) rebounded, recovering from recent losses.

  2. Inflation Update Anticipation:

    • The government’s report on inflation, closely monitored by the Federal Reserve, will influence interest rate decisions.
    • Investors hope for timely rate cuts to prevent a recession or inflation resurgence.

  3. Global Markets:

    • European markets (DAX, FTSE, CAC 40) dipped, while Japan’s Nikkei rose 1.3%.
    • Tokyo Electron and Advantest Corp. gained due to enthusiasm over Nvidia and AI.

  4. Currency Watch:

    • The dollar edged higher against the yen, nearing the 160 yen level.
    • Tokyo officials warn of potential market intervention.

Stay tuned for Friday’s crucial inflation data—the Fed’s next move hangs in the balance.


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