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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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From Ramen to Hamburger Helper: Why “Struggle Meals” Are Back on the Menu

 

As grocery bills climb higher, many households are turning to inexpensive, filling dishes that stretch every dollar. So-called “struggle meals”—simple, low-cost recipes like instant ramen, tuna casserole, and Hamburger Helper—are trending across social media as people share creative ways to make ends meet.

Sales data reflects the shift: Hamburger Helper, first launched in 1971, has seen a 14.5% jump in U.S. sales compared to last year, while boxed macaroni and cheese, dry rice, and canned goods are also on the rise. In Canada, purchases of packaged frozen and dry foods have surged more than 10% since 2023, according to Statistics Canada.

Experts say the trend is less about nostalgia and more about necessity. With inflation, rising beef prices, and ongoing economic uncertainty, families are seeking affordable, comforting meals that can be made quickly. TikTok and Reddit communities have embraced the movement, with viral videos showcasing everything from “poverty potlucks” to inventive ramen hacks.

While the resurgence of these budget-friendly staples offers a sense of solidarity, it also highlights a deeper issue: growing food insecurity. Food Banks Canada reports that one in four Canadians is struggling to afford groceries.

In tough times, the humble “struggle meal” has become more than just dinner—it’s a symbol of resilience, creativity, and community.


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