Skip to main content

Featured

5 Things to Know Today: BoC Hike Odds Near 80%, Oil Tops US$100, Loonie Hits 5-Week High

  Canadian Money Brief  |  Saturday, October 24, 2026 The Bank of Canada is expected to raise rates on Wednesday, oil is back above US$100 and stocks slipped on AI worries. Here are the five things to know this Saturday, and what each one means for your wallet. 1 The Bank of Canada is widely expected to hike on Wednesday Markets are putting roughly an 80% chance on a quarter-point increase at the Bank of Canada’s Oct. 28 decision, which would lift the policy rate from 2.25% to 2.50%. A majority of economists polled by Reuters also expect a second hike by the end of March. The shift followed hawkish comments from Governor Tiff Macklem about a higher inflation outlook driven by oil. What it means for you Every 0.25-point increase adds about $250 a year (roughly $21 a month) for each $100,000 of prime-linked debt, such as a variable-rate mortgage or HELOC. Fixed-rate holders are not hit directly, but renewals are being priced off higher bond yields. Savers may see HISA and...

article

Canada’s New “Fentanyl Czar”: A Cross-Border Liaison in the Fight Against Opioids


Amid escalating U.S. pressure and looming tariff threats, Canada has unveiled a bold element of its $1.3‐billion border security plan: the appointment of a “fentanyl czar.” Though the title may evoke images of sweeping authority, this newly created position is intended to serve as a dedicated liaison between Canadian and U.S. authorities, focusing on curbing the flow of illegally trafficked fentanyl across the border .

Fentanyl—a potent synthetic opioid used medically for severe pain—has also emerged as a central figure in North America’s opioid crisis, with criminal networks ramping up its illicit production and distribution. In this context, the “czar” is tasked with coordinating efforts between law enforcement agencies on both sides of the border. The goal is to share intelligence, streamline enforcement operations, and develop strategies that address not only the drug’s illegal trade but also the broader implications for public health and safety.

Critics note that while less than one percent of the fentanyl seized in the United States originates from Canada, the creation of this role is as much a political signal as it is a practical step toward enhanced border security . By appointing a high-profile coordinator, the Canadian government is seeking to demonstrate its commitment to combatting drug trafficking—even as it continues to refine exactly what powers and responsibilities the position will hold. As the role evolves, many will be watching to see whether this cross-border initiative can effectively contribute to reducing the opioid crisis and easing tensions with its southern neighbor .

In essence, Canada’s new fentanyl czar is less about wielding unilateral power and more about fostering a collaborative, coordinated approach to a complex international challenge.

Comments