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OAS Just Got Its Biggest Raise of 2026: What 1.4% Actually Pays

  Canadian Money Brief • Published October 2, 2026 Old Age Security is going up 1.4% for the October-to-December quarter, the biggest of the four quarterly adjustments in 2026. For a senior on the maximum pension, that works out to $10.53 more a month . Whether that feels like a raise or just a catch-up depends on a number most headlines skip: how much prices have risen over the past year. +$10.53 a month Maximum OAS for ages 65 to 74 goes from $751.97 to $762.50. That is about $126 more over a year, and it starts with the Oct. 28 deposit. What actually changes on October 28 The new rate applies to the Oct. 28 payment and the two after it (Nov. 26 and Dec. 22). Nothing needs to be filed. It applies to OAS, the Guaranteed Income Supplement (GIS) and the Allowances automatically. Maximum monthly amount Jul–Sep 2026 Oct–Dec 2026 Change OAS, ages 65 to 74 $751.97 $762.50 +$10.53 OAS, age 75 and over $827.17 $838.75 +$11.58 GIS, single senior (approx.) $1,123.17 about $1,138.89 about +$...
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Canada's Job Market Soars in December: 91,000 Jobs Added, Surpassing Expectations

 

Canada's economy experienced a remarkable surge in job growth in December 2024, adding an impressive 91,000 jobs, far exceeding economists' expectations of 25,000. This significant increase brought the unemployment rate down to 6.7% from 6.8% in November.

The job gains were primarily in full-time positions, with notable increases in educational services, health care and social assistance, finance, and transportation. The public sector saw the addition of 40,000 jobs, while the private sector added 27,000 jobs. Additionally, the number of self-employed individuals rose by 24,000, marking the first increase since February.

Despite the positive job growth, the average hourly wage rose by 3.8% year-over-year, a slight decline from previous months. Economists have noted that while the job market's performance was better than anticipated, there is still room for improvement, and further interest rate cuts may be necessary to reduce excess capacity in the economy.

Overall, the strong job market performance in December 2024 signals a positive end to the year and raises questions about the Bank of Canada's future interest rate decisions.



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