Skip to main content

Featured

BoC Set to Hike Into a Weak Economy: What It Means for You

  Canadian Money Brief • Feature Monday, October 26, 2026 • Written ahead of the 9:45 a.m. ET decision on Wednesday, Oct. 28 The Bank of Canada is about to do something that looks backwards. Jobs are disappearing, the housing market is sluggish, and yet money markets and most economists expect the central bank to raise its key rate on Wednesday. If it happens, your budget gets squeezed from two directions at once: higher borrowing costs and a shakier job market. The short version • Expected move: +0.25 point to 2.50% on Oct. 28, up from 2.25% • Reuters poll: 56% of economists (19 of 34) call for a hike, and a majority see one more by end of March • Why now: energy-driven inflation (3.1% in September) and a bank worried it spreads • The catch: 68,300 jobs lost in September , unemployment at 6.5% Why would the bank hike when the economy is wobbling? Reuters reports the Bank of Canada is expected to raise its rate as a pre-emptive strike: the goal is to stop an oil-driven jump in p...
Post a Comment
Read more

article

Labels

Ontario PCs Unveil $40-Billion Platform, Promise to Eliminate Alcohol Floor Price

Ontario's Progressive Conservatives, led by Doug Ford, have unveiled a campaign platform promising up to $40 billion in new spending. This announcement comes just three days before the provincial election. The platform includes several previously unannounced measures, such as a $5-billion Protect Ontario Account to counter potential U.S. tariffs, $705 million to expand STEM and skilled trades training at post-secondary institutions, and $50 million to support modular housing technology.

One of the most notable promises is the proposal to eliminate the minimum retail price for liquor. Currently, the minimum price for a 750-millilitre bottle of vodka is set to rise to $31.15 this weekend. Ford argues that removing the floor price will save consumers money and put more money back into their pockets, likening it to a tax break.

The platform, however, does not include a full costing breakdown of how these promises will be funded. Ford defended the absence of detailed cost estimates by citing his government's track record of fiscal responsibility over the past seven years.

As the election day approaches, voters will have to weigh these ambitious promises against the potential impact on the province's budget and economic stability.


: [Source 1](https://www.msn.com/en-ca/news/canada/ontario-pcs-make-40b-in-platform-promises-pledge-to-axe-floor-price-for-alcohol/ar-AA1zEG0C)

: [Source 2](https://ca.news.yahoo.com/doug-fords-pcs-promise-40b-174158783.html)

Labels:

Comments

Post a Comment