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

Alberta Premier Proposes Education Commission Amid Ongoing Teachers’ Strike

 

Striking Alberta teachers and supporters wave signs outside Rogers Place in Edmonton, on Thursday, Oct. 16, 2025. 


As thousands of striking teachers rallied outside, Premier Danielle Smith announced her intention to establish a new education commission once the provincewide strike concludes.

Smith emphasized the need for “new models” to address persistent challenges in Alberta’s classrooms, particularly issues of complexity and specialized learning needs. Speaking at an Edmonton Chamber of Commerce event, she said the commission would include teachers and focus on solutions for classroom supports, student diversity, and resource allocation.

The strike, which began October 6, has seen more than 51,000 teachers walk off the job. Key sticking points in negotiations with the Alberta Teachers’ Association include wages, classroom sizes, and additional supports. Smith reiterated her government’s desire for a negotiated settlement but stressed that long-term reforms are necessary to prevent similar disputes in the future.


Labels:

Comments

Post a Comment