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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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Foiled Plot to Attack Taylor Swift Concerts in Vienna: Suspects Planned Mass Casualties

In a chilling turn of events, authorities in Austria have thwarted a plot to attack Taylor Swift’s upcoming Eras Tour shows in Vienna. The prime suspect, a 19-year-old Austrian with North Macedonian roots, confessed to planning a suicide attack. His horrifying intentions included not only taking his own life but also causing mass casualties among concertgoers using knives and explosive devices.

The suspect had downloaded bomb-building manuals and was found in possession of hydrogen peroxide, homemade explosives, detonators, and detonator cables at his apartment. Interior Minister Gerhard Karner emphasized that a tragedy was prevented thanks to the authorities’ intervention.

Additionally, a second suspect, a 17-year-old Austrian citizen with Turkish and Croatian roots, had Islamic State and al Qaeda material at their home. A third suspect, a 15-year-old Austrian national with Turkish roots, is currently being questioned by authorities.

The cancellations of three sold-out concerts devastated Swifties worldwide, many of whom had invested significant resources in travel and lodging for the now-canceled shows.

This incident serves as a stark reminder of the importance of vigilance and security measures at large-scale events. Thankfully, authorities acted swiftly to prevent a potential tragedy, ensuring the safety of concert attendees and the community at large.

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