BoC Rate Hike Odds Rise Amid Global Energy Price Surge

The Bank of Canada (BoC) is increasingly likely to raise its key interest rate at its next meeting on October 28, with odds tipping in favor. According to LSEG Data and Analytics, the bank's chances of raising its rate are now slightly greater than 50%. This shift in probability comes as a result of high global energy prices due to the ongoing United States-Iran war.

The Manitoba government has announced that it will adopt permanent daylight saving time (DST) effective immediately. The decision follows a survey conducted by the province, which found that 92% of respondents wanted to abolish time changes, with 58% preferring permanent DST. This move aligns Manitoba with other Western Canadian provinces and territories.

In related news, a bomb explosion at a mosque in northwestern Pakistan has killed at least 16 people and injured 56 others. The attack occurred in the province of Khyber Pakhtunkhwa, which shares a border with Afghanistan. No group has claimed responsibility for the attack, but some have speculated that the Pakistani Taliban may be involved.