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5 Things to Know Today: BoC Decision Day, Fed, Loonie, Tariff Talks and OAS Boost

  Canadian Money Brief 5 Things to Know Today Wednesday, October 28, 2026 It’s a heavy day for Canadian wallets. The Bank of Canada announces its rate decision this morning, the U.S. Fed follows this afternoon, tariff talks are heating up, and bigger OAS deposits land in bank accounts. Here’s what to know. 1 The Bank of Canada decides this morning — a hike is widely expected The decision lands at 9:45 a.m. ET, along with a new Monetary Policy Report. Markets and economists expect a quarter-point increase to 2.50% from 2.25%, which would be the first hike since July 2023. Nineteen of 34 economists in a Reuters poll called for the move, and investors were pricing roughly a 75% chance on Tuesday. The case for it: inflation hit 3.1% in September, driven almost entirely by energy, even as core measures eased below 2%. What it means for you A hike would likely lift prime rates quickly, so variable-rate mortgages and HELOCs feel it first. Roughly, 0.25 points adds about $250 a year per $...
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Wall Street Rebounds Amid Earnings Anticipation and Geopolitical Tensions


Coming off their worst week since October, Wall Street is showing signs of recovery as investors brace for a busy week of earnings reports and geopolitical developments. Here’s a snapshot of today’s market activity:

  1. Earnings Optimism: Futures for the S&P 500 and the Dow Jones Industrial Average rose by 0.6% before the bell. Investors eagerly await data from the government’s latest retail sales figures and financial results from companies like Bank of America, United Airlines, and Netflix.

  2. Oil Prices Decline: Despite escalating tensions in the Middle East, oil prices fell. An attack late Saturday marked the first time Iran had ever launched a military assault on Israel. However, the precision and limited impact of Iran’s response suggest a strategic approach aimed at minimizing damage rather than escalating tensions. A barrel of benchmark U.S. oil declined to $84.96, while Brent crude, the international standard, lost ground at $89.77.

  3. Defense Contractors Surge: Nearly every sector showed gains early Monday, with defense contractors leading the way. Lockheed Martin rose by 1.8% before the bell.

  4. Apple’s iPhone Challenge: Apple shares ticked down slightly after a report revealed that the iPhone ranked second in phone deliveries during the first quarter, trailing behind Samsung. Concerns arise due to faltering iPhone sales in China and reports that the Chinese government may restrict its workers from buying iPhones.

  5. Global Markets: In Europe, Germany’s DAX and France’s CAC 40 rose by 1%, while London’s FTSE 100 slipped marginally. In Asian trading, Japan’s benchmark Nikkei 225 dipped by 0.7%.

  6. Currency Trends: The U.S. dollar strengthened against the Japanese yen, reaching another 34-year high as investors sought safety amid uncertainty.

As the week unfolds, investors will closely monitor earnings reports, geopolitical developments, and economic indicators. The delicate balance between global tensions and corporate performance remains at the forefront of market dynamics.


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