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5 Things to Know Today: BoC Hike Odds, Fixed Rates, Tariff Swap, $100 Oil & Budget Countdown (Oct. 25)

  Canadian Money Brief • Sunday, October 25, 2026 A big week for your wallet starts Wednesday. Here are the five things Canadians should know before it begins. 1 The Bank of Canada decides Wednesday, and markets lean toward a hike The Bank of Canada announces its rate decision at 9:45 a.m. ET on Wednesday, Oct. 28, alongside a new Monetary Policy Report. Prediction markets price roughly a 79% chance of a quarter-point hike to 2.50%, up sharply after Governor Tiff Macklem’s hawkish comments at the IMF meetings, though analysts remain split and some expect a “hawkish hold.” The U.S. Fed also decides that day. What it means for you: Variable-rate mortgage and HELOC holders feel it first. A 0.25-point hike works out to roughly $70 more per month on a $500,000 variable mortgage (25-year amortization), and prime would move from 4.45% to 4.70%. A hold means little change until the next decision on Dec. 9. 2 Fixed mortgage rates have already moved without the Bank Fixed rates follow bond ...
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Yemen’s Houthi Rebels Launch Missile at U.S. Warship in Gulf of Aden

 


Yemen’s Houthi rebels have launched a missile at a U.S. warship patrolling the Gulf of Aden, forcing it to shoot down the projectile. This marks a further escalation in the biggest confrontation at sea the U.S. Navy has seen in the Middle East in decades. 

The attack on the destroyer USS Carney is the first time the Houthis directly targeted a U.S. warship since the rebels began their attacks on shipping in October. The missile was successfully shot down by USS Carney, and there were no injuries or damage reported.

The conflict in the Middle East has been escalating for years, and this recent attack is a reminder of the ongoing tensions in the region. The U.S. Navy has been involved in the Middle East for decades, and this latest attack highlights the dangers that sailors face while patrolling the region’s waters.


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