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5 Things to Know Today: BoC Hike Bets, TSX Slide, Oil Near $100 (Oct. 23)

  Canadian Money Brief • Friday, October 23, 2026 The Bank of Canada decision is five days away, the TSX gave back most of Wednesday's gains, and oil is flirting with US$100 again. Here are the five things Canadian wallets need to know today. 1. Markets Lean Toward a Bank of Canada Hike on Oct. 28 A decision that looked like a ninth straight hold is now a genuine coin flip with a hawkish tilt. After Governor Tiff Macklem warned that there is "no resolution in sight" for the Middle East conflict, BMO and Desjardins flipped to a hike call, Scotiabank firmed up its call and Goldman Sachs joined them, all looking for a quarter-point move to 2.50%. Overnight swaps priced about an 87% chance of a hike earlier this week, though other economists still argue for a hold, pointing to September's 68,000 job losses and a 6.5% unemployment rate. What it means for you: A quarter-point hike adds roughly $21 a month in interest for every $100,000 of variable-rate borrowing (HELOCs an...
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Stocks set for a rebound after the Fed’s announcement, with Big Tech earnings in focus

 


US stock futures signaled a rebound on Thursday after the worst sell-off in months on Wall Street, as investors recalibrated their timeline for rate cuts from the Federal Reserve and prepared for a heavy-hitting round of megacap tech earnings. Futures tied to the benchmark S&P 500 rose 0.3%, while those on the blue-chip Dow Jones Industrial Average hovered above the flatline. The tech-heavy Nasdaq Composite, which suffered a more than 2% decline Wednesday, pointed up by about 0.5%.

The Federal Reserve’s announcement on Wednesday that it would not cut rates at the next meeting in March, as previously expected, was a wake-up call for investors looking for quick interest rate cuts. Instead, the bank is expected to cut rates in May. The Fed’s pivot in the central bank’s rate plans has led to a recalibration of investor expectations, which has helped to stabilize the market.

After Microsoft and Alphabet failed to live up to investors’ lofty expectations, Apple, Amazon, and Meta will take center stage after the closing bell. The earnings reports of these tech giants are expected to be heavy-hitting, and investors are eagerly awaiting the results.

In conclusion, the stock market is set for a rebound after the Fed’s announcement, and investors are preparing for a heavy-hitting round of megacap tech earnings. The Federal Reserve’s pivot in the central bank’s rate plans has led to a recalibration of investor expectations, which has helped to stabilize the market. The earnings reports of Apple, Amazon, and Meta are expected to be heavy-hitting, and investors are eagerly awaiting the results.


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