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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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Hostages Set for Release Amid Gaza Ceasefire

 

Palestinian militant groups in Gaza have announced the release of three hostages on Saturday, in accordance with the terms of the ceasefire agreement with Israel. The hostages named for release are Iair Horn, U.S.-Israeli Sagui Dekel-Chen, and Russian-Israeli Alexandre Sasha Troufanov.

The announcement follows intense mediation efforts by Egyptian and Qatari officials to maintain the ceasefire, which has been under threat due to accusations of violations from both sides. The ceasefire, which began on January 19, 2025, was intended to facilitate the exchange of hostages and prisoners, as well as the withdrawal of Israeli forces from Gaza.

Hamas had previously threatened to halt the release of hostages, accusing Israel of blocking aid deliveries into Gaza. In response, Israeli Prime Minister Benjamin Netanyahu and U.S. President Donald Trump warned that the ceasefire would be canceled if the hostages were not released.

The release of the three hostages is part of a larger agreement that includes the exchange of hundreds of Palestinian prisoners and detainees. The ceasefire aims to pave the way for further negotiations to secure the release of remaining hostages and to rebuild Gaza after 15 months of devastating conflict.

The situation remains tense, with both sides accusing each other of breaching the agreement. However, the release of these hostages is seen as a positive step towards maintaining the fragile ceasefire and moving towards a more stable and peaceful resolution.


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