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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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Stock Futures Signal Sustained Rally Amid Positive Market Sentiment

 


In a promising start to the day, stock futures have edged higher, indicating that the recent market rally is not only holding but set to continue. Investors appear to be riding a wave of optimism as earnings season progresses, with several key companies reporting better-than-expected results.

The upbeat mood in the market is further bolstered by the performance of international markets and the sales of blockbuster drugs, which have led companies like Novartis to raise their guidance. This positive outlook is reflected in the pre-market gains across major indices, suggesting a robust opening for the trading day.

Despite some concerns over inflation and interest rate hikes, the overall sentiment remains bullish. Market analysts are closely monitoring the Federal Reserve’s signals, which could impact the trajectory of the rally. However, for now, the green arrows in the futures markets are pointing to a continuation of the upward trend that has characterized the past sessions.

As the market opens, all eyes will be on the performance of the stocks that have been the drivers of the rally, with investors hoping that the momentum will carry through to secure another day of gains.

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