Skip to main content

Featured

5 Things to Know Today: BoC Hike Odds, Fixed Rates, Tariff Swap, $100 Oil & Budget Countdown (Oct. 25)

  Canadian Money Brief • Sunday, October 25, 2026 A big week for your wallet starts Wednesday. Here are the five things Canadians should know before it begins. 1 The Bank of Canada decides Wednesday, and markets lean toward a hike The Bank of Canada announces its rate decision at 9:45 a.m. ET on Wednesday, Oct. 28, alongside a new Monetary Policy Report. Prediction markets price roughly a 79% chance of a quarter-point hike to 2.50%, up sharply after Governor Tiff Macklem’s hawkish comments at the IMF meetings, though analysts remain split and some expect a “hawkish hold.” The U.S. Fed also decides that day. What it means for you: Variable-rate mortgage and HELOC holders feel it first. A 0.25-point hike works out to roughly $70 more per month on a $500,000 variable mortgage (25-year amortization), and prime would move from 4.45% to 4.70%. A hold means little change until the next decision on Dec. 9. 2 Fixed mortgage rates have already moved without the Bank Fixed rates follow bond ...
Post a Comment
Read more

article

Labels

Greek Workers Unite in Nationwide Strike for Wage Reform

On April 9, 2025, Greece witnessed a nationwide strike that brought the country to a standstill. Public and private sector workers staged a 24-hour walkout, demanding higher wages and the reinstatement of collective bargaining rights. The strike disrupted essential services, grounding flights, halting trains, and tying up ferries at ports. Public transport in Athens operated only part-time, while thousands of protesters gathered in the capital and other cities to voice their demands.

The strike comes amid rising living costs, with food, housing, and utilities becoming increasingly unaffordable for many households. Despite a cumulative 35% increase in the minimum wage to €880, workers argue that their purchasing power remains insufficient. Labour unions are calling for immediate pay raises and the restoration of annual bonuses that were scrapped during Greece's financial crisis.

This collective action highlights the growing frustration among workers as they struggle to make ends meet in the face of economic challenges. The government has promised further wage increases but cites fiscal constraints as a barrier to meeting all demands.


Labels:

Comments

Post a Comment