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5 Things to Know Today (Oct. 1): Minimum Wage Hike, Cooler U.S. Inflation, Oil Below $100

  Thursday October 1, 2026 A new quarter, a higher minimum wage in Ontario and a softer inflation read south of the border. Here are the five things that matter to your wallet today. 1 Ontario's minimum wage rises to $17.95 today Ontario's general minimum wage climbs 35 cents, from $17.60 to $17.95 an hour, as of October 1 — a roughly 2% bump tied to Ontario's CPI. The student rate goes to $16.90 (from $16.60) and the homeworker rate to $19.70. A full-time worker at 40 hours a week earns about $718 a week before deductions. Federally regulated workers already have an $18.15 floor, which has applied since April 1. What it means for you: If you pay anyone by the hour — a cleaner, a part-time helper, a seasonal worker — hours worked from today forward must be paid at no less than $17.95, even if the pay period started in September. Workers should check their next paycheque. 2 Cooler U.S. inflation eases the pressure on rate hikes The Fed's preferred inflation gauge came i...
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Rising Tensions: Greece and Turkey’s Fighter Jet Face-Off

 

The longstanding rivalry between Greece and Turkey has escalated once again, this time fueled by the acquisition of new fighter jets by both nations. The recent developments have sparked concerns over potential military confrontations and the stability of the region.

Background

The tension between Greece and Turkey is not new. Both countries have a history of disputes over territorial waters, airspace, and the status of Cyprus. However, the latest escalation is attributed to Greece’s recent acquisition of advanced fighter jets, including the F-35s, which has been perceived by Turkey as a significant threat.

Recent Developments

In response to Greece’s military upgrade, Turkey has also moved to bolster its air force capabilities. The Biden administration recently unfroze a substantial deal to provide Turkey with 40 new F-16 fighters and modernize an additional 79 aircraft. This move is seen as a strategic balance to Greece’s new F-35s and has further intensified the arms race between the two NATO allies.

Diplomatic Reactions

The international community, particularly NATO, has expressed concern over the rising tensions. NATO officials have urged both countries to resolve their differences through diplomatic means and maintain regional stability. Despite these calls for peace, both Greece and Turkey continue to accuse each other of airspace violations and provocative actions.

Potential Implications

The ongoing military buildup and mutual distrust between Greece and Turkey could have broader implications for NATO and regional security. Experts warn that any miscalculation or accidental engagement could lead to a larger conflict, disrupting the unity and operational effectiveness of NATO.

As both nations continue to enhance their military capabilities, the international community watches closely, hoping for a peaceful resolution to avoid further escalation.


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