News of the day: Investors gush over oilpatch, rate hike likely, early inflation warnings, ‘trophy’ office tower, Ovintiv buys Logan and more

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Photo by BRANDON HARDER/PostmediaIt’s Monday, Oct. 26. Here are the top stories we’re following today.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountCanada’s oilpatch has a new problem: too much money. Producers are generating more cash than they know what to do with, and investors are lining up to get a piece of it. Bank of Canada governor Tiff Macklem speaks during the AI and the Global Economy: From Risk to Opportunity panel in Bangkok on Oct. 16, 2026. Photo by Lillian SUWANRUMPHA/AFP via Getty Images filesThis advertisement has not loaded yet, but your article continues below.The Bank of Canada has held its policy rate steady at 2.25 per cent for more than 11 months, and was widely expected to stay on the sidelines for the rest of the year. But a number of economists are predicting the bank will hike this week, with markets pricing in an 80 per cent chance that rates will rise for the first time since 2023.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try again Diesel prices at a Pioneer gas station on Main Street and Gerrard Street East in Toronto. Photo by Jack Boland/Toronto Sun filesUnder-the-radar costs to produce goods in Canada came in “hot,” possibly foreshadowing higher prices across the economy, says one economist. Cranes operate over the CIBC Square construction site in Toronto. Photo by Galit Rodan/BloombergThe real test of the rapidly improving office market might be who builds the next so-called “trophy tower” in Toronto, where vacancy rates in the best AAA buildings have been dropping fast, writes Garry Marr. Denver-based Ovintiv Inc. is extending its push into Alberta, agreeing to buy Calgary-based Logan Energy Corp. Photo by Daniel Acker /BloombergDenver-based Ovintiv Inc. is extending its push into Alberta, agreeing to buy Calgary-based Logan Energy Corp. in an all-cash deal valued at about $1.26 billion, including debt.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.