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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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Canada Post Workers Begin Nationwide Strike, Disrupting Deliveries

 


Canada Post workers have initiated a nationwide strike today, following a breakdown in negotiations with their employer. The Canadian Union of Postal Workers (CUPW) announced that approximately 55,000 postal workers are participating in the strike, which began at 12:01 a.m. Eastern Time.

The strike comes after nearly a year of bargaining with little progress on key issues such as fair wages, safer working conditions, and job security. The union had issued a 72-hour strike notice earlier this week, but efforts to reach a negotiated agreement failed.

Canada Post has warned that the strike will significantly disrupt mail and parcel deliveries, especially with the busy holiday season approaching. The Crown corporation stated that mail and parcels will not be processed or delivered during the strike, and some post offices will be closed.

The federal government has appointed a special mediator to assist in the negotiations, but as of now, there is no resolution in sight.

The strike is expected to have a widespread impact on Canadians and businesses relying on postal services for their operations and holiday preparations.


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