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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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McDonald’s Slashes Combo Meal Prices to Win Back Budget-Conscious Diners

 

McDonald’s is rolling out price cuts on select combo meals in a bid to lure back customers put off by rising fast-food costs. Starting September 8, the chain will reintroduce its “Extra Value Meals,” offering popular items like the Big Mac, Egg McMuffin, and McCrispy sandwich paired with fries or hash browns and a drink at roughly 15% less than if purchased separately.

To kick off the promotion, most U.S. locations will feature an $8 Big Mac meal and a $5 Sausage McMuffin meal, though customers in California, Alaska, Hawaii, and Guam will pay $1 more. The move comes after years of declining visits from lower-income customers, with industry data showing double-digit drops in fast-food visits among households earning under $45,000 annually.

McDonald’s CEO Chris Kempczinski acknowledged that combo meals priced over $10 have hurt the brand’s value perception. The company has faced criticism for steep price hikes in recent years, with the average menu price rising 40% since 2019 due to higher labor, packaging, and food costs.

The pricing shift could pressure competitors like Wendy’s, Taco Bell, and Domino’s—already experimenting with their own deals—to follow suit. Whether these discounts will be enough to reverse the trend remains to be seen, but McDonald’s is betting that affordability will bring customers back through its golden arches.


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