Skip to main content

Featured

5 Things to Know Today: BoC Hike Bets, TSX Slide, Oil Near $100 (Oct. 23)

  Canadian Money Brief • Friday, October 23, 2026 The Bank of Canada decision is five days away, the TSX gave back most of Wednesday's gains, and oil is flirting with US$100 again. Here are the five things Canadian wallets need to know today. 1. Markets Lean Toward a Bank of Canada Hike on Oct. 28 A decision that looked like a ninth straight hold is now a genuine coin flip with a hawkish tilt. After Governor Tiff Macklem warned that there is "no resolution in sight" for the Middle East conflict, BMO and Desjardins flipped to a hike call, Scotiabank firmed up its call and Goldman Sachs joined them, all looking for a quarter-point move to 2.50%. Overnight swaps priced about an 87% chance of a hike earlier this week, though other economists still argue for a hold, pointing to September's 68,000 job losses and a 6.5% unemployment rate. What it means for you: A quarter-point hike adds roughly $21 a month in interest for every $100,000 of variable-rate borrowing (HELOCs an...
Post a Comment
Read more

article

Labels

Deadly Test Run: China’s Rail Tragedy Claims 11 Lives

                                     China's rail network is the world's largest, spanning more than 160,000 km 


A devastating rail accident in southwestern China has left 11 railway workers dead and two others injured, marking the country’s worst rail disaster in more than a decade. The incident occurred on Thursday, November 27, 2025, in Kunming, Yunnan Province, when a train conducting earthquake detection equipment tests struck a maintenance crew on a curved section of track near Luoyang Town railway station.

Authorities confirmed that normal rail services have since resumed at the station, but an investigation is underway to determine how the tragedy unfolded. The workers were reportedly positioned along the test section of track when the train entered the curve, leaving little time to react.

China’s rail network, the largest in the world with over 160,000 km of track, has long been praised for its efficiency and scale, handling billions of trips annually. However, it has also faced scrutiny following several high-profile accidents. In 2011, a crash in Zhejiang killed 40 and injured 200, while in 2021, nine workers died in Gansu after being struck by a train during maintenance.

The Kunming accident has reignited concerns about worker safety protocols during test runs and maintenance operations. State-run media reported that the tragedy has triggered a major safety review across the rail system.

This incident serves as a stark reminder of the risks faced by railway workers and the importance of stringent safety measures in one of the world’s busiest transportation networks.

Labels:

Comments

Post a Comment