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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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Tragedy Strikes: Israeli Airstrike on Gaza School Leaves Dozens Dead

 

In a devastating incident, an Israeli airstrike targeted a school in central Gaza that was sheltering displaced Palestinians. The attack resulted in the deaths of more than 30 people, including 23 women and children. The school, run by the United Nations agency for Palestinian refugees (UNRWA), was filled with civilians who had fled previous Israeli offensives and bombardments in northern Gaza.

Witnesses reported that the predawn strike hit the al-Sardi School, where families sought refuge. The victims included an old man and two children, one with a head injury. The Al-Aqsa Martyrs Hospital in nearby Deir al-Balah was overwhelmed by casualties from the attack, with at least 33 dead, including 14 children and nine women. Videos circulating online showed wounded people being treated on the hospital floor, highlighting the strain on Gaza’s medical facilities.

This tragic event underscores the ongoing conflict and the toll it takes on civilians caught in the crossfire. As Israel continues its offensive in the Gaza Strip, innocent lives remain at risk, and the world watches in horror.



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