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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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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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