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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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Mark Carney's Victory Sparks Global Optimism for Canada

Mark Carney's election as Canada's Prime Minister has drawn congratulations from leaders worldwide, signaling hopes for strengthened international ties amid growing uncertainty surrounding U.S. policies. European Commission President Ursula von der Leyen praised Carney's leadership, emphasizing the importance of defending shared democratic values and promoting multilateralism. British Prime Minister Keir Starmer echoed similar sentiments, highlighting the close alliance between the UK and Canada.

Carney's campaign, which focused on "Trump-proofing" Canada, resonated with voters concerned about U.S. President Donald Trump's trade war and annexation threats. In his victory speech, Carney reaffirmed Canada's commitment to unity and resilience, stating, "America wants our land, our resources, our water, our country. But these are not idle threats. President Trump is trying to break us so that America can own us. That will never happen".

As Carney prepares to lead Canada, global leaders have expressed optimism about collaborating with his administration to address shared challenges and uphold the rules-based international order. His victory marks a pivotal moment for Canada on the world stage.

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