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5 Things to Know Today: BoC Hike Odds, Fixed Rates, Tariff Swap, $100 Oil & Budget Countdown (Oct. 25)

  Canadian Money Brief • Sunday, October 25, 2026 A big week for your wallet starts Wednesday. Here are the five things Canadians should know before it begins. 1 The Bank of Canada decides Wednesday, and markets lean toward a hike The Bank of Canada announces its rate decision at 9:45 a.m. ET on Wednesday, Oct. 28, alongside a new Monetary Policy Report. Prediction markets price roughly a 79% chance of a quarter-point hike to 2.50%, up sharply after Governor Tiff Macklem’s hawkish comments at the IMF meetings, though analysts remain split and some expect a “hawkish hold.” The U.S. Fed also decides that day. What it means for you: Variable-rate mortgage and HELOC holders feel it first. A 0.25-point hike works out to roughly $70 more per month on a $500,000 variable mortgage (25-year amortization), and prime would move from 4.45% to 4.70%. A hold means little change until the next decision on Dec. 9. 2 Fixed mortgage rates have already moved without the Bank Fixed rates follow bond ...
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Alberta Health Services Implements Unpaid Leave for Non-Union Staff Amid Budget Pressures

 

Alberta Health Services (AHS) is facing scrutiny after implementing a controversial measure requiring some non-union exempt employees to take unpaid time off. The decision, reportedly driven by provincial budget constraints, affects staff who are not covered by collective bargaining agreements, including certain administrative and managerial roles.

According to internal communications, the unpaid leave policy is part of a broader cost-containment strategy across Alberta’s public health sector. While unionized employees remain protected under negotiated contracts, non-union workers—often referred to as Non-Union Exempt Employees (NUEEs)—are subject to different employment terms, allowing AHS greater flexibility in adjusting compensation and scheduling.

The move comes despite recent salary structure adjustments and step increments announced for eligible non-union staff earlier this year, which were intended to recognize their contributions to Alberta’s healthcare system. Critics argue that the unpaid leave undermines these efforts and places undue financial strain on employees who already lack union protections.

AHS has not publicly disclosed how many workers are affected or the duration of the unpaid leave periods. The policy has sparked concern among healthcare advocates and employees alike, raising questions about transparency and equity in workforce management during fiscal challenges.

As Alberta continues to navigate healthcare funding pressures, the treatment of non-union staff may become a flashpoint in broader discussions about labor rights and public sector accountability.


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