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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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Israel's New Gaza Strategy Sparks Global Concern

Israel has approved a plan to capture the entire Gaza Strip and maintain control over it for an unspecified period, according to Israeli officials. The decision, made in an early morning vote by Israeli cabinet ministers, marks a significant escalation in the ongoing conflict.

The plan aims to defeat Hamas and secure the release of hostages held in Gaza. However, it also involves the displacement of hundreds of thousands of Palestinians to southern Gaza, exacerbating an already dire humanitarian crisis. Since the collapse of a ceasefire in mid-March, Israel has intensified its military operations, capturing approximately 50% of Gaza and restricting humanitarian aid, including food, fuel, and water.

International opposition to the plan is expected to be fierce, with concerns over the long-term implications of Israel's extended presence in Gaza. The United Nations and humanitarian organizations have warned of severe shortages and worsening conditions for civilians. Meanwhile, Israel continues to engage with various countries regarding potential solutions, including controversial proposals for population relocation.

As the situation unfolds, global leaders and humanitarian groups are closely monitoring developments, urging diplomatic efforts to prevent further escalation and address the humanitarian crisis in Gaza.

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