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5 Things to Know Today: BoC Decision Day, Fed, Loonie, Tariff Talks and OAS Boost

  Canadian Money Brief 5 Things to Know Today Wednesday, October 28, 2026 It’s a heavy day for Canadian wallets. The Bank of Canada announces its rate decision this morning, the U.S. Fed follows this afternoon, tariff talks are heating up, and bigger OAS deposits land in bank accounts. Here’s what to know. 1 The Bank of Canada decides this morning — a hike is widely expected The decision lands at 9:45 a.m. ET, along with a new Monetary Policy Report. Markets and economists expect a quarter-point increase to 2.50% from 2.25%, which would be the first hike since July 2023. Nineteen of 34 economists in a Reuters poll called for the move, and investors were pricing roughly a 75% chance on Tuesday. The case for it: inflation hit 3.1% in September, driven almost entirely by energy, even as core measures eased below 2%. What it means for you A hike would likely lift prime rates quickly, so variable-rate mortgages and HELOCs feel it first. Roughly, 0.25 points adds about $250 a year per $...
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Landslide Traps Miners in Turkish Gold Mine

 

A devastating landslide struck the Copler gold mine in eastern Turkey, leaving several workers trapped underground. The incident occurred at approximately 2:30 p.m. local time near the town of Ilic in the mountainous Erzincan province.

Governor Hamza Aydogdu confirmed the grim situation, stating, “There are people buried underground, though the exact number remains unclear. Our search and rescue efforts have commenced.” The mine, operated by Anagold Mining since 2009, has emphasized the health and safety of its employees and contractors as their top priority during this crisis.

As rescue teams race against time to locate and free the trapped miners, the entire nation holds its breath, hoping for a swift and successful operation. Our thoughts are with the affected families and the brave rescuers working tirelessly to bring the miners back to safety.


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