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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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Israel Strikes Iran with Supersonic ‘Rampage’ Missile

 

In a recent military operation, Israel reportedly used a powerful supersonic missile called “The Rampage” to strike Iran. The attack targeted a military base near the Iranian city of Isfahan. Here are the key details:

  1. The Rampage Missile:

    • The missile used in the alleged Israeli attack is a locally-developed air-to-surface weapon known as “The Rampage.”
    • Manufactured by Israeli Military Industries Systems and Israel Aerospace Industries, this 4.7-meter (15-foot) rocket weighs over half a ton.
    • Designed to penetrate and destroy protected areas, such as bunkers, The Rampage poses a significant threat to ground targets.

  2. Supersonic Speed:

    • The Rampage missile can travel at supersonic speed, making it difficult to detect and intercept using air defense systems like the Iron Dome.
    • Its high velocity enhances its effectiveness in striking military bases and other strategic locations.

  3. Escaping Radar Detection:

    • The missile’s advanced technology allows it to evade Iran’s radar systems, as demonstrated in the recent attack near the Natanz nuclear site.
    • Israeli officials have suggested that this move was “calibrated to make Iran think twice” before launching another direct attack on Israel.

While Israel has not officially commented on the strike, the use of The Rampage missile underscores the escalating tensions between Israel and Iran. As the situation continues to evolve, the international community closely monitors developments in the region.

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