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5 Things to Know Today: BoC Decision Day, Fed, Loonie, Tariff Talks and OAS Boost

  Canadian Money Brief 5 Things to Know Today Wednesday, October 28, 2026 It’s a heavy day for Canadian wallets. The Bank of Canada announces its rate decision this morning, the U.S. Fed follows this afternoon, tariff talks are heating up, and bigger OAS deposits land in bank accounts. Here’s what to know. 1 The Bank of Canada decides this morning — a hike is widely expected The decision lands at 9:45 a.m. ET, along with a new Monetary Policy Report. Markets and economists expect a quarter-point increase to 2.50% from 2.25%, which would be the first hike since July 2023. Nineteen of 34 economists in a Reuters poll called for the move, and investors were pricing roughly a 75% chance on Tuesday. The case for it: inflation hit 3.1% in September, driven almost entirely by energy, even as core measures eased below 2%. What it means for you A hike would likely lift prime rates quickly, so variable-rate mortgages and HELOCs feel it first. Roughly, 0.25 points adds about $250 a year per $...
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Surge in Canadian Dollar: A Reaction to Inflation Surprise

 


The Canadian dollar recently soared to a four-and-a-half month high, catching the attention of investors and economists alike. This unexpected rise is attributed to a surprising shift in inflation rates, which has sparked a wave of optimism in the financial markets.

  • Economic Indicator: The Canadian dollar’s value is often seen as a reflection of the country’s economic health. The recent climb suggests a positive turn in Canada’s financial landscape.
  • Investor Confidence: The inflation surprise has bolstered investor confidence, leading to increased investments and a stronger currency.
  • Market Impact: This surge has implications for the trading market, potentially affecting import and export dynamics due to currency valuation changes.
  • Future Outlook: Economists are closely monitoring this trend to predict future monetary policies and their impact on the Canadian economy.

The rise of the Canadian dollar serves as a reminder of the intricate relationship between inflation rates and currency values, and how quickly market sentiment can shift in response to economic data.

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