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

Canada Tops Global Battery Supply Chain Ranking, China Falls to Second Place

 

Canada has claimed the first place in BloombergNEF’s global lithium-ion battery supply chain ranking for 2024, surpassing China, which had dominated the annual analysis for the past three years. The United States ranked third this year.

The ranking measures the potential of 30 countries to build a secure, reliable and sustainable battery supply chain for electric vehicles, based on 46 metrics in five categories: raw materials, battery manufacturing, downstream demand, environmental and social governance, and industry, infrastructure and innovation.

Canada’s rise to the top spot is attributed to its abundant raw material resources, strong integration with the U.S. automotive sector, clear policy commitments, and high environmental and social standards. Canada is also a beneficiary of the U.S. Inflation Reduction Act, which aims to boost domestic battery production and reduce reliance on foreign suppliers.

China, on the other hand, fell to second place due to its lower scores on environmental and social governance, as well as increased competition from other countries in battery manufacturing and downstream demand. China still leads the world in terms of battery output, but faces challenges in securing raw materials and meeting stricter emission standards.

The BloombergNEF report highlights the importance of developing a robust and resilient battery supply chain, as the demand for electric vehicles is expected to grow rapidly in the coming years. Canada’s leadership in this field positions it well for the transition to a low-carbon economy.

Labels:

Comments

Post a Comment