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5 Things to Know Today: BoC Hike Odds Near 80%, Oil Tops US$100, Loonie Hits 5-Week High

  Canadian Money Brief  |  Saturday, October 24, 2026 The Bank of Canada is expected to raise rates on Wednesday, oil is back above US$100 and stocks slipped on AI worries. Here are the five things to know this Saturday, and what each one means for your wallet. 1 The Bank of Canada is widely expected to hike on Wednesday Markets are putting roughly an 80% chance on a quarter-point increase at the Bank of Canada’s Oct. 28 decision, which would lift the policy rate from 2.25% to 2.50%. A majority of economists polled by Reuters also expect a second hike by the end of March. The shift followed hawkish comments from Governor Tiff Macklem about a higher inflation outlook driven by oil. What it means for you Every 0.25-point increase adds about $250 a year (roughly $21 a month) for each $100,000 of prime-linked debt, such as a variable-rate mortgage or HELOC. Fixed-rate holders are not hit directly, but renewals are being priced off higher bond yields. Savers may see HISA and...
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Trump Shooting Incident: Secret Service Confirms RNC Security Plans Unchanged; New Shooter Details Emerge


In the wake of a shooting incident involving former President Donald Trump, the Secret Service has announced that there will be no changes to the security plans for the upcoming Republican National Convention (RNC). The agency reassured the public that current security measures are robust and sufficient to handle any potential threats.

Incident Overview

The shooting occurred during a public appearance by Trump, leading to immediate lockdown procedures and a rapid response from law enforcement and medical personnel. Trump was quickly escorted to safety by his Secret Service detail, and no serious injuries to the former president were reported.

Security Measures

The Secret Service has emphasized that their security protocols are comprehensive and adaptable, designed to protect high-profile individuals under any circumstances. Despite the incident, officials have decided that the existing plans for the RNC remain appropriate and effective.

Details on the Shooter

New information about the shooter has begun to emerge. Preliminary investigations indicate that the individual acted alone. Authorities are delving into the shooter's background, motives, and any potential affiliations. 

Community and Political Reactions

The incident has sparked reactions across the political spectrum, with leaders from both parties condemning the violence and calling for a thorough investigation. The event has also heightened concerns about the safety of political figures and the importance of robust security measures at major events. 

Conclusion

As the investigation continues, the Secret Service's decision to maintain the current RNC security plan highlights their confidence in the existing measures. Meanwhile, the nation watches closely as more details about the shooter and their motives come to light.

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