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

From Tees to Tensions: Trump Opens Scottish Golf Course Before Pivoting to Middle East Diplomacy

 

                                            President Donald Trump tees off during the opening ceremony for the Trump                                                                     International Golf Links golf course

President Donald Trump capped off a five-day visit to Scotland by inaugurating a new 18-hole golf course at Trump International Golf Links near Aberdeen. Flanked by his sons Eric and Donald Jr., Trump cut the ceremonial ribbon and played the first round on the course, which was named in honor of his late mother, Mary Anne MacLeod, a native of Scotland.

The course, billed as part of the “Greatest 36 Holes in Golf,” was designed by Eric Trump and will officially open to the public on August 13. The president praised the development as “an unbelievable masterpiece,” calling it a “passion project” for his family.

But the trip wasn’t all about golf. Trump used the occasion to meet with British Prime Minister Keir Starmer at his Turnberry property, where the two discussed pressing global issues including the humanitarian crisis in Gaza and a new U.S.-EU trade framework. Trump expressed concern over starvation in Gaza, contradicting Israeli Prime Minister Benjamin Netanyahu’s claims, and pledged to help establish food centers in the region.

As he teed off, Trump remarked, “We’ll play it very quickly and then I go back to D.C. and we put out fires all over the world,” referencing ceasefires he helped broker and ongoing diplomatic efforts.

With golf clubs in hand and global crises on his mind, Trump’s Scottish swing underscored his dual role as both brand promoter and statesman.

Labels:

Comments

Post a Comment