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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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Trump's Greenland Gambit: Denmark in Crisis Mode After Fiery Call

 

In a dramatic turn of events, Denmark finds itself in "crisis mode" following a contentious phone call between former U.S. President Donald Trump and Danish Prime Minister Mette Frederiksen. The call, which lasted 45 minutes, saw Trump making a direct and aggressive push to acquire Greenland, a move that has left Danish officials deeply unsettled.

Sources familiar with the conversation described it as "horrendous," with Trump being firm and confrontational. The Danish government, which had previously dismissed Trump's interest in Greenland as a mere curiosity, is now taking the threat seriously. One official likened the call to a "cold shower," emphasizing the potential danger of the situation.

Despite Frederiksen's clear stance that Greenland is not for sale, Trump remained adamant about his intentions. The call has not only strained diplomatic relations but also heightened concerns about the future of Greenland's autonomy. Danish officials are now scrambling to address the fallout and reassure their citizens and allies.

The situation underscores the complexities of international diplomacy and the unpredictable nature of geopolitical negotiations. As Denmark navigates this crisis, the world watches closely, aware that the implications of this standoff could extend far beyond the icy shores of Greenland.

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