Sox News Weekly Volume 1 Issue 12 24 October 2026
Issue 12
This week's issue follows Alberta's three-to-one vote to stay in Canada, central banks in Ottawa, London and Sydney weighing rate rises against very different inflation pictures, a Federal Court ruling on the McPhillamys goldmine, Snowy 2.0's $25 billion reassessment, Ottawa's fight with Stelco's owner, and Washington's shifting tariffs and sanctions ahead of the midterms.
Sox News Weekly is a continuing publication issued once every week, on Saturday, with no planned end date. Each issue carries a volume number, an issue number, a cover date and a permanent URL.
Issue 12, 24 October 2026
This week
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01
News
What they said
Rubio Puts a 60-Day Clock on the Russia Sanctions Trump Waived
The executive order that switched off the Graham Act carried no end date. A day later the Secretary of State said the President will use up to 60 days to weigh the measures, as Republicans who voted for the law broke with him.
Sox News US Desk18 Oct 20262 min read
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02
Analysis
Resources and Regulation
A Dreaming Story Arrived After the Report. That Is Why the McPhillamys Ban Fell
Justice Stellios's published reasons show the Section 10 declaration that stalled Regis Resources' $1.3 billion gold project failed on process: information about the Blue Banded Bee Dreaming story reached the department after the statutory report and was treated as a footnote when the law required a new application and fresh public consultation.
Sox News Australia Desk19 Oct 20263 min read
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03
Analysis
Money and Prosperity · Canada Edition
Canada's Core Inflation Is 1.8 Per Cent. Markets Are Pricing a Rate Rise Anyway
Headline CPI rose to 3.1 per cent in September on a 27.8 per cent jump in gasoline, while the Bank of Canada's preferred core measures fell to 1.8 and 1.9 per cent. The Bank's own surveys show consumers' five-year inflation expectations at a four-year high, and traders now put two-thirds odds on a hike on 28 October.
Sox News Canada Desk19 Oct 20263 min read
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04
News
Number of the day
76 Per Cent: Alberta's Early Count Rejects a Vote on Leaving Canada
With roughly a quarter of the vote counted overnight, 805,443 Albertans had chosen to remain a province of Canada against 250,171 for starting the legal process towards a binding separation referendum. CTV News has projected the result. Elections Alberta's final tally on the question is due by 4am Mountain Time.
Sox News Canada Desk20 Oct 20262 min read
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05
Analysis
Alberta Referendum
Alberta Said No to Leaving by Three to One. The Other Nine Answers Are the Ones Ottawa Has to Live With
With four fifths of ballots counted, 75.3 per cent of Albertans voted to remain in Canada and 24.7 per cent to begin the legal process towards a binding separation vote. The five immigration questions passed by double digits. Three of the four constitutional questions passed narrowly, one failed, and the premier who asked them speaks to the province tonight.
Sox News Canada Desk20 Oct 20263 min read
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06
Analysis
Cost of Living
Britain's 3.5 Per Cent Is Diesel at £1.92. The Bank Will Hike Because of What Sits Underneath
UK inflation rose to 3.5 per cent in September, above forecasts, on the highest petrol and diesel prices since 2022. Core inflation rose to 2.8 per cent, services to 3.7 and factory gate prices to 4.6. Two weeks before the Bank of England meets, the question is how much of this is still the pump.
Sox News UK Desk21 Oct 20263 min read
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07
Analysis
Australian Economy
The RBA's Deputy Has Named the Only Good Reason for a Fifth Rate Rise. It Has Nothing to Do With Oil
Andrew Hauser told a Sydney conference that the inflation outlook is "materially worse" than the Reserve Bank forecast in August and that a growing share of businesses now treat 3 to 3.5 per cent inflation as the new normal. Markets moved the odds of a Melbourne Cup Day rise from about a quarter to better than even. The 28 October CPI will decide it.
Sox News Economics Desk22 Oct 20263 min read
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08
Analysis
Trade and Industry
Ottawa Has Given Stelco's Owner 15 Days and Ontario's Steelmakers $5 Billion. The Company Says It Wants Neither
In the space of 24 hours the federal government unveiled a $8.7 billion package for Ontario's steel, auto and mining sectors and sent Cleveland-Cliffs a formal demand to reverse 500 layoffs or face court. The company's answer, delivered with its strongest quarter in three years, is that it needs a market for galvanised steel and no subsidy.
Sox News Canada Desk22 Oct 20263 min read
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09
Analysis
Energy and Public Money
Snowy 2.0 Will Cost $25 Billion to Save $7 Billion. Canberra Says Stopping Would Cost More
The government-owned Snowy Hydro now puts the cost of its pumped hydro expansion at $22.2 billion with a $25 billion scenario, twelve times the 2017 price and double the 2023 reset, with full commissioning pushed to late 2029. Its own case for the project is a $7 billion reduction in wholesale prices over the next 50 years.
Sox News Australia Desk23 Oct 20264 min read
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10
News
Number of the day
7.32 Per Cent: The Mortgage Rate a New Executive Order Leaves Exactly Where It Found It
Donald Trump signed an order on Thursday to cut mortgage insurance, title insurance and closing costs for some borrowers. The 30-year rate is 7.32 per cent, up from 6.19 per cent a year ago, and nothing in the order touches the reason.
Sox News US Desk23 Oct 20262 min read
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11
Analysis
Trade and Power
The Tariff Has Moved From Maine's Blueberry Boxes to Canadian Shampoo. The Total Has Not Changed
A proclamation signed on Friday lifts the 50 per cent duty on nine categories of Canadian goods that Maine's farmers buy and imposes it on about a hundred others, from carpets to canoes. Senator Susan Collins announced it before the White House did. The changes take effect four days before she faces the voters.
Sox News US Desk24 Oct 20263 min read
Editor’s note
Albertans answered the question their premier asked and the margin left Ottawa with the nine other answers to deal with. The week's inflation prints told three central banks different things: Canada's core measures fell below target, Britain's rose above it, and Australia's deputy governor said the outlook was materially worse. We think the thread running through the rest, from Snowy 2.0 to the Maine tariff swap, is that governments keep rewriting the terms after the decision has been taken, and that the cost lands on whoever was not in the room.
Who produced this issue
Editor
Sox News Editorial Desk
Managing Editor
Sox News Editorial Desk
Standards Editor
Sox News Editorial Desk
Visual Editor
Sox News Editorial Desk
Commercial Lead
Sox News Editorial Desk
Published by
Sox Media LLC
Place of publication
Nevada, United States
Editorial accountability
A human editor is accountable for every item in this issue. Masthead and editorial responsibility.
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