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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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GTA Police Face Further Suspensions as Project South Probe Widens



The ongoing Project South corruption investigation has led to the suspension of additional police officers across the Greater Toronto Area, marking another significant development in a probe that has already shaken public confidence in local law enforcement.

According to police officials, the newly suspended officers are alleged to have engaged in misconduct connected to the broader investigation, which focuses on corruption, organized crime links, and breaches of trust within certain units. While specific details have not yet been released, authorities confirmed that the suspensions are part of an expanding internal review.

Project South, launched several years ago, has resulted in multiple arrests, charges, and disciplinary actions. The latest suspensions suggest that investigators are continuing to uncover new information, prompting further scrutiny of officer conduct.

Police leadership emphasized that the actions taken reflect a commitment to transparency and accountability. They also noted that the majority of officers continue to serve with integrity, and that rooting out corruption remains essential to maintaining public trust.

As the investigation continues, more updates are expected in the coming weeks.


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