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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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Unlocking Invisible Spaces: Nobel Prize in Chemistry Honors Metal–Organic Frameworks

                                            Dubai Ruler hails Omar Yaghi's Nobel Prize a source of pride for Arab world

The 2025 Nobel Prize in Chemistry has been awarded to Susumu Kitagawa, Richard Robson, and Omar Yaghi for their pioneering work on metal–organic frameworks (MOFs)—a revolutionary class of materials that combine metals with organic molecules to create highly porous structures.

Often described as “molecular architecture,” MOFs are remarkable for their ability to pack vast internal surface areas into tiny volumes. Just one gram of a MOF can contain as much internal surface as a football field. This unique property allows them to trap, store, and release gases with extraordinary efficiency.

The Nobel Committee highlighted the transformative potential of MOFs in addressing global challenges. These materials can:

  • Capture carbon dioxide to combat climate change
  • Harvest water from desert air
  • Store hydrogen for clean energy
  • Filter pollutants and toxic gases
  • Catalyze chemical reactions for greener industrial processes

The laureates’ discoveries, spanning from Robson’s early structural insights in the 1970s to Yaghi’s creation of stable, functional frameworks, have opened the door to more than 100,000 variations of MOFs worldwide. Their work exemplifies how curiosity-driven science can lead to solutions for some of humanity’s most urgent problems.

As the Nobel Committee put it, MOFs are like “tiny hotels for molecules,” offering rooms where gases and chemicals can check in and out—an elegant metaphor for a breakthrough that could reshape the future of energy, environment, and materials science.


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