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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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Gaza’s Hunger Crisis: A Dire Struggle for Survival

 

In the heart of northern Gaza, a humanitarian crisis unfolds as the cost of basic necessities skyrockets, leaving many families in a relentless battle against hunger. The once sporadic echoes of conflict have been replaced by the constant growl of empty stomachs, with the World Food Program issuing stark warnings of an imminent famine.

  • Devastating Toll: The war has claimed lives, but hunger now looms as a silent killer, taking the lives of 15 children and infants, unable to be nourished as their mothers struggle to find food.
  • Dire Statistics: A staggering 1.1 million Gazans face “catastrophic” hunger levels, representing half of the population in the strip, a situation described as unprecedented by the WFP’s chief economist.
  • Fragile Relief: Recent efforts have seen a slight improvement, with Israel allowing more food supplies into Gaza. However, this has merely shifted the crisis from a lack of food to a lack of affordable food, with prices still several times higher than pre-war levels.
  • Visible Suffering: The signs of malnutrition are unmistakable, with thin bodies, hair loss, and pale complexions. For many, famine is not a looming threat but a present reality, as evidenced by the increasing number of premature births and maternal deaths during labor.

As the international community scrambles to address this crisis, the people of Gaza continue to endure the unyielding grip of hunger, hoping for a future where the melody of peace drowns out the cries of starvation.


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