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

Air Travel Chaos Deepens as FAA Orders More Cuts Amid Shutdown

Travelers walk though Ronald Reagan Washington National Airport as the Trump administration warns of impending cuts to commercial airline operations more than a month into the continuing U.S. government shutdown in Arlington, Virginia, U.S., November 7, 2025. 

Major U.S. airlines are bracing for a third consecutive day of government-mandated flight reductions as the ongoing federal shutdown continues to cripple the nation’s air travel system. The Federal Aviation Administration (FAA) has ordered carriers to cut 4% of daily flights at 40 major airports, citing severe air traffic control staffing shortages caused by the shutdown.

The crisis escalated over the weekend, with more than 1,300 flights canceled on Saturday and thousands more delayed across major hubs including Atlanta, Chicago, Newark, and Los Angeles. The FAA has warned that reductions will increase to 6% on Tuesday and reach 10% by November 14, raising fears of widespread disruption just weeks before the busy Thanksgiving travel period.

Transportation Secretary Sean Duffy cautioned that air travel could be reduced to “a trickle” in the days leading up to Thanksgiving, one of the busiest travel seasons of the year. Millions of Americans typically take to the skies during this period, but the prolonged shutdown—now in its 40th day, the longest in U.S. history—has left thousands of federal employees, including air traffic controllers, working without pay or unable to report for duty.

Airlines such as Delta, United, American, and Southwest have scrambled to adjust schedules, issue travel waivers, and rebook passengers. However, industry leaders warn that the situation is unsustainable, with mounting delays and cancellations threatening both traveler confidence and the economic health of the aviation sector.

For passengers, the advice is clear: expect disruptions, plan ahead, and remain flexible. With flight cuts set to intensify, the coming weeks may mark one of the most challenging travel seasons in recent memory.


Labels:

Comments

Post a Comment