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

Technical Glitch at Customs Kiosks Triggers Delays at Major Canadian Airports

Hundreds of passengers wait in line on their way to Canadian customs at Toronto's Pearson International Airport on Sunday night. Earlier that day, a nationwide technical issue shut down passport verification on ArriveCAN and automated kiosks at Canadian airports in major cities like Toronto, Montreal and Calgary.

Travellers at Toronto Pearson, Montreal-Trudeau, and Calgary International airports faced significant delays this weekend after a nationwide outage disrupted Canada Border Services Agency (CBSA) inspection kiosks.

The CBSA confirmed the outage was caused by an unforeseen technical issue during routine systems maintenance. As a result, passengers were redirected to manual processing lines, leading to longer-than-usual wait times at customs.

Airports issued advisories on social media, warning travellers to expect delays. Some arriving passengers were even held on aircraft until customs areas could accommodate them.

Officials emphasized that safety and security standards remained in place throughout the disruption. Border services officers continued verifying identities, processing declarations, and conducting additional screenings as required.

The CBSA said it is working closely with airport authorities to restore full service and apologized for the inconvenience. This marks the third such outage this year, following similar incidents in April and June.


Labels:

Comments

Post a Comment