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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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Israeli Troops Recover Slain Gaza Hostage; Egypt to Host New Truce Talks

 

On Saturday, Israeli special forces successfully recovered the body of a hostage who had been held captive in Gaza. Elad Katzir, a 47-year-old farmer from Kibbutz Nir Oz, was among the 253 people abducted during an October 7 cross-border rampage by Hamas-led Palestinian gunmen. His tragic fate unfolded three months after he pleaded for his release in a video issued by his Palestinian Islamic Jihad captors.

Katzir’s father, Avraham, was also among the victims killed during the same incident, according to official tallies. His mother, Hanna, was initially taken hostage but was later freed in November under a ceasefire agreement with Hamas, Gaza’s dominant Islamist movement.

The recovery of Katzir’s body comes amidst ongoing efforts by Qatari and Egyptian mediators to secure a truce that might lead to the release of the remaining 129 hostages. Hamas, keen on ending the war, has engaged in negotiations, while Israel remains resolute in its determination to continue fighting until Hamas falls.

In a poignant video posted by Islamic Jihad on January 8, Katzir expressed his gratitude for still being alive despite the harrowing circumstances: “I was close to dying more than once. It’s a miracle I’m still alive … I want to tell my family that I love them very much and I miss them very much.”

Israel has declared at least 35 hostages as deceased in Gaza captivity, with some having been killed in Israeli strikes. In several cases, hostages whose bodies were recovered bore signs of execution.

As the delicate negotiations continue, the world watches closely, hoping for a resolution that will bring an end to the suffering and uncertainty faced by those still held captive in the conflict-ridden region.


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