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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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Popeyes Franchisee Stripped of Restaurants After Wage Scandal

 

A Popeyes Louisiana Kitchen franchisee in Toronto has lost control of multiple restaurants following serious allegations from employees over unpaid wages and poor working conditions. Staff at the Scarborough location on Lawrence Avenue East staged protests, claiming they were owed weeks of back pay and had received multiple bounced cheques. Workers also raised concerns about unsanitary kitchen conditions and the use of unsanctioned food supplies.

Restaurant Brands International (RBI), the parent company of Popeyes, confirmed it has intervened and begun transferring the affected restaurants to new franchisees. A spokesperson emphasized that all employees will be compensated for the wages they are owed as part of the transition process.

Toronto Public Health has also announced a follow-up inspection of the location after videos surfaced showing unhygienic conditions inside the kitchen.

The case highlights ongoing challenges in the fast-food franchise sector, where corporate oversight and franchisee accountability remain under scrutiny.


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