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...
Post a Comment
Read more

article

Labels

Supreme Court Decision Sparks Debate Over Alien Enemies Act


The U.S. Supreme Court has ruled in favor of former President Donald Trump, allowing the use of the Alien Enemies Act of 1798 to deport alleged Venezuelan gang members. This decision, made in a 5-4 vote, has reignited discussions about the application of this wartime law in modern times.

The Alien Enemies Act, historically employed during wartime, grants the president authority to deport individuals deemed a national security risk. Trump's administration invoked this law to expedite the deportation of members of the Tren de Aragua gang. However, the court emphasized that detainees must be given notice and an opportunity to challenge their removal through habeas corpus claims.

Critics argue that the law's application in this context exceeds its intended scope, as it was designed for wartime scenarios involving foreign governments. Supporters, however, view the decision as a victory for national security and presidential authority.

The ruling has sparked legal and ethical debates, with dissenting justices questioning the legitimacy of using the Alien Enemies Act for non-state actors like gangs. The case continues to highlight tensions between executive power and judicial oversight in immigration policy.

Labels:

Comments

Post a Comment