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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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Prince Harry Wins 'Monumental' Legal Battle Against Murdoch's Sun

 


In a landmark victory, Prince Harry has won a significant legal battle against Rupert Murdoch's UK newspaper group, News Group Newspapers (NGN). The publisher admitted to unlawful actions at its Sun tabloid and issued a rare, full apology to the Duke of Sussex.

Harry, 40, had been suing NGN for illegally obtaining private information about him from 1996 until 2011. The settlement includes substantial damages and an admission of intrusion into the private lives of both Harry and his late mother, Princess Diana.

"This victory is not just about me, it's about holding those who abuse their power to account," Harry said in a statement. "The truth has finally been acknowledged, and justice has been served."

The apology from NGN marks a significant moment in the ongoing battle against unlawful media practices. Harry's lawyer, David Sherborne, emphasized that this case was about accountability and truth, rather than monetary compensation.

The settlement comes after last-minute talks, averting a trial that was set to begin earlier this week. Harry's co-claimant, former senior British lawmaker Tom Watson, also received an apology and damages.

Harry's mission to expose and rectify the wrongdoings of the British tabloids has resulted in a historic win, setting a precedent for future cases involving media misconduct.



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