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5 Things to Know Today: BoC Hike Odds Near 80%, Oil Tops US$100, Loonie Hits 5-Week High

  Canadian Money Brief  |  Saturday, October 24, 2026 The Bank of Canada is expected to raise rates on Wednesday, oil is back above US$100 and stocks slipped on AI worries. Here are the five things to know this Saturday, and what each one means for your wallet. 1 The Bank of Canada is widely expected to hike on Wednesday Markets are putting roughly an 80% chance on a quarter-point increase at the Bank of Canada’s Oct. 28 decision, which would lift the policy rate from 2.25% to 2.50%. A majority of economists polled by Reuters also expect a second hike by the end of March. The shift followed hawkish comments from Governor Tiff Macklem about a higher inflation outlook driven by oil. What it means for you Every 0.25-point increase adds about $250 a year (roughly $21 a month) for each $100,000 of prime-linked debt, such as a variable-rate mortgage or HELOC. Fixed-rate holders are not hit directly, but renewals are being priced off higher bond yields. Savers may see HISA and...
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Bitcoin Surges to New Heights: Record Highs Amidst Dollar Weakness

 


Bitcoin, the original cryptocurrency, has achieved a remarkable milestone, soaring past $72,000 for the first time. This surge marks the sixth consecutive day of gains, propelling its year-to-date rally to an impressive 70%. The driving force behind this ascent? Massive inflows into US exchange-traded funds (ETFs).

Market Insights

  • Bitcoin’s Rally: The virtual currency surged by as much as 4%, reaching a peak of $72,234 on Monday. Notably, smaller tokens like Ether, Solana, and Avalanche also experienced gains.
  • Institutional Interest: Investors have poured nearly $10 billion into a batch of new Bitcoin ETFs since their launch in the US just two months ago. This influx has ignited a broad surge across crypto markets.
  • Global Acceptance: The London Stock Exchange has confirmed its acceptance of applications for admitting Bitcoin and Ether exchange-traded notes. Additionally, Thailand’s securities regulator has granted retail investors permission to buy overseas crypto ETFs.
  • Technical Indicators: Other bullish signals include the upcoming quadrennial “halving” event scheduled for April, which will reduce Bitcoin’s supply growth by half. Furthermore, growing open interest in Chicago-based CME Group’s Bitcoin futures market and a rebound in the funding rate indicate heightened interest from both institutional and retail traders.

As Bitcoin continues its meteoric rise, all eyes remain on the crypto landscape. 


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