It's Thursday, October 29th. Good morning. Five degrees right now in Brantford, 5 in Kitchener. It's 5 in Hamilton. The dollar 71.45 cents US. Gas a dollar 78. I'm Stacey Engelhart. With the cost of living outpacing wages, putting historic financial pressure on households, The Bank of Canada's governor, who in all likelihood does not have a mortgage, just made the affordability crisis worse, raising interest rates 1/4 point to 2.5 percent, costing the average variable rate mortgage holder an extra 1 to $200 more a month. While economists say the hike is needed to tame inflation, Those who actually benefit are the rich, large financial institutions, investors, cash-rich corporations. A survey by H&R Block Canada found close to 60% of working Canadians are struggling to make ends meet despite making a decent salary, with a growing number working a second job to break even. Ontario's premier called the hike a massive mistake, saying it won't fix the geopolitical issues and is just punishing Canadians for something they can't control. By the way, Ontario's finance minister today set to table the economic update. And somebody had it all along and cashed it out just in time. The $40 million Lotto Max ticket sold in Grey County was validated hours before it was set to expire. Now we don't know the real story, but according to the OLG, they've contacted the person and will meet to determine if they are the rightful owners. Sports. The smallest market in the majors are World Series champions for the first time. The Milwaukee Brewers beat the Rays 4-1, winning the series 4 games to 1. NHL last night, Leafs lost to Seattle 5-4. They're in Vancouver Saturday at 7. OHL last night, Brampton lost to Ottawa. Tonight, Brantford is in Peterborough at 7. Major League Soccer yesterday, Toronto FC beat DC United 2-1. In the NBA, the Raptors blasted Orlando 1-2999. to host Orlando tomorrow 730. In the WNBA, the final could be decided this afternoon. Atlanta hosts Golden State 1230. Golden State leads 3-2. And tonight in the NFL, Carolina is in Green Bay 815. Weather, cloudy this afternoon, a chance of showers or a thunderstorm, windy, but a mild high of 20. Another chance of showers and thunderstorms overnight tonight when it falls to five. Tomorrow cloudy, windy and 13. Right now it's 5 degrees in Brantford, 5 and Kitchener. It's 5 in Hamilton. I'm Stacey Englehart.
News Update: 8:00am, Thursday October 29th, 2026
Oct 29, 2026 | 9:26 AM