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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...
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The Significance of Juneteenth: Celebrating Freedom and Resilience

 

Juneteenth, also known as Juneteenth National Independence Day, holds immense importance as a commemoration of freedom, resilience, and the fight for equality. Here’s why this historic day matters:

1. Historical Milestone

Juneteenth marks a pivotal moment in American history. On June 19, 1865, Major General Gordon Granger arrived in Galveston, Texas, and announced the end of slavery. This proclamation came more than two years after President Abraham Lincoln issued the Emancipation Proclamation. It signifies the liberation of enslaved African Americans and their long-awaited recognition as free citizens.

2. Acknowledging Struggle and Triumph

By celebrating Juneteenth, we honor the strength and endurance of those who endured the brutality of slavery. Their resilience in the face of adversity paved the way for progress and social change. Juneteenth reminds us that freedom is hard-won and worth celebrating.

3. Education and Awareness

Observing Juneteenth provides an opportunity for education. It encourages dialogue about the complexities of American history, including the legacy of slavery, the Civil Rights Movement, and ongoing challenges related to racial equality. By learning from the past, we can work toward a more just future.

4. Unity and Healing

Juneteenth brings communities together. It fosters understanding, empathy, and healing. Through discussions, art, and cultural events, we acknowledge the pain of the past while striving for unity and reconciliation.

5. Cultural Pride

Juneteenth celebrations include music, dance, food, and art. They showcase African American heritage and promote cultural pride. By participating, we celebrate diversity and recognize the contributions of Black Americans to our shared history.

In summary, Juneteenth serves as a powerful reminder of progress made and the ongoing journey toward equality. Let us commemorate this day with gratitude, reflection, and a commitment to justice. 


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