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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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Tragedy Strikes: Death Toll Rises to Five in Magdeburg Christmas Market Attack

 

The death toll from the horrific car attack at the Christmas market in Magdeburg has risen to five, with over 200 people injured. The attack, which occurred on Friday evening, has left the city in mourning and prompted an extensive police operation.

Authorities have arrested a 50-year-old Saudi doctor, identified as Taleb A., who has lived in Germany for nearly two decades. The suspect, who is a specialist in psychiatry and psychotherapy, was taken into custody shortly after the incident. German Chancellor Olaf Scholz and Interior Minister Nancy Faeser have both expressed their condolences and assured the public that every effort is being made to support the victims and their families.

The attack has shaken the community, especially coming just days before Christmas. Mourners have gathered near the market, leaving candles and flowers in memory of the victims. The suspect has been described as having Islamophobic views, and authorities are investigating his motives.

As the investigation continues, the city remains on high alert, with additional security measures being implemented at other holiday markets across Germany. The thoughts and prayers of people around the world are with the victims and their loved ones during this difficult time.




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