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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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Yahya Sinwar: From Militant to Hamas Leader

 

Yahya Sinwar, the mastermind behind the October 7 attacks on Israel, has been announced as the new leader of the militant group Hamas . Here are some key points about Sinwar:

  1. Background and Early Life:

    • Born in 1962 in a refugee camp in Gaza’s Khan Younis, Sinwar was an early member of Hamas, which formed in 1987.
    • He led the group’s security arm, working to eliminate spies for Israel.
    • His ruthless reputation earned him the nickname “The Butcher of Khan Younis.”

  2. Imprisonment and Release:

    • Israel arrested Sinwar in the late 1980s, and he admitted to killing 12 suspected collaborators.
    • He was sentenced to four life terms, but in 2011, Prime Minister Benjamin Netanyahu released him in exchange for an Israeli soldier captured by Hamas.

  3. Rise to Power in Gaza:

    • Back in Gaza, Sinwar quickly climbed Hamas’ leadership ranks.
    • He orchestrated the 2016 killing of another top Hamas commander, Mahmoud Ishtewi, in an internal power struggle.
    • Sinwar became head of Hamas in Gaza, aligning the group with Iran and building its military capabilities.

  4. The October 7 Attack:

    • Sinwar, along with Mohammed Deif (head of Hamas’ armed wing), engineered the surprise attack on Israel.
    • The attack killed about 1,200 Israelis (mostly civilians) and sparked a war that claimed nearly 40,000 Palestinian lives in Gaza .

  5. Challenges Ahead:

    • Sinwar has been in hiding since the attack, making day-to-day operations challenging for Hamas .
    • As the new leader, he faces complex geopolitical dynamics and the ongoing Israeli-Palestinian conflict.

In summary, Yahya Sinwar’s journey from a refugee camp to Hamas leader reflects both resilience and ruthlessness, shaping the group’s future under his leadership.

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