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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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Canada Post Strike Disrupts Black Friday Sales and Holiday Shipments

 

The ongoing Canada Post strike has significantly disrupted Black Friday sales and holiday shipments, causing frustration among businesses and consumers alike. The strike, which began on November 15, 2024, has now entered its third week, with over 55,000 postal workers demanding improved wages and job security.

The timing of the strike couldn't be worse, as the period leading up to Black Friday and the holiday season is typically the busiest time of the year for Canada Post. The Crown corporation has reported missing out on delivering approximately 10 million parcels since the strike began. This has forced many small businesses to seek alternative, often more expensive, shipping options.

Retail analyst Bruce Winder noted that while larger retailers with their own logistics networks are less affected, small businesses are bearing the brunt of the strike. "The price increase from Canada Post to couriers is significant, and most small businesses can't afford to absorb these costs," Winder said.

Dan Kelly, president of the Canadian Federation of Independent Business (CFIB), added that some small businesses might take a loss this season just to get goods out the door and avoid inventory pileups in the new year. "If we don't have the strike resolved this week, most merchants are not going to be able to use Canada Post as a reliable delivery service," Kelly warned.

Even if the strike is resolved soon, it will likely take weeks for Canada Post to clear the backlog of unsent items and catch up with the demand. This means that many holiday packages may not arrive until after Christmas, causing further inconvenience for consumers and businesses.

The strike has also highlighted the vulnerability of rural and remote communities that rely solely on Canada Post for their mail delivery. "Everyone saying we don't need Canada Post obviously doesn't live in a rural area that couriers don't come to," one consumer commented online.

As negotiations between Canada Post and the union continue, businesses and consumers are left hoping for a swift resolution to minimize the impact on the holiday season.



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