Oxford Economics economist Tony Stillo said soft Canadian labor-market data for September reduced the likelihood of a BOC rate increase at the end of October, though he did not rule out the option. He still expects the BOC to raise rates by 25 bps in October and again in December, citing sustained inflation risk from higher gasoline prices. Stillo said this would likely be a pre-emptive move to restore the policy rate to neutral rather than the start of a new tightening cycle.

COOK's lawyer said if the hearing is broadly objective it will show COOK did not commit mortgage fraud and therefore there is no basis for his removal from office.

Vitol CEO Russell Hardy said ship-to-ship transshipments in the Gulf of Oman are sustaining Middle East exports and warned that without them oil could reach $200/bbl, adding Western inventories have little left to draw on. STS activity has surged in recent weeks; some estimates put flows through the Strait of Hormuz at or above pre-war ~20 mln b/d. Hardy said the energy shock is turning into a shipping crisis: shuttle movements through the Strait are highly inefficient, tying up global tanker capacity and driving freight to record levels. Data show average daily earnings for crude tankers topped $500,000/day in early October, roughly ten times the 2025 average. Saudi-to-Rotterdam transport costs have jumped from about $2/bbl to over $35/bbl, adding further upward pressure on fuel prices.