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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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Celestial Spectacle: Final Supermoon of 2024 and Meteor Shower Light Up the Sky

 

Stargazers are in for a treat this Friday night as the final Supermoon of 2024 graces the sky, accompanied by the dazzling Leonid meteor shower. This celestial event promises a spectacular display, with the Full Beaver Moon reaching its peak illumination at 4:29 PM EST.

A Supermoon occurs when the Moon is at its closest point to Earth, making it appear larger and brighter than usual. This is the fourth and final Supermoon of the year, and it won’t be until October 2025 that we witness another one.

Adding to the night’s splendor, the Leonid meteor shower will peak, offering the chance to see up to 15 meteors per hour under ideal conditions. However, the bright Supermoon may obscure all but the brightest meteors. For the best viewing experience, try to catch the meteors during the early morning hours when the Moon is lower in the sky.

Don’t miss this opportunity to witness one of the year’s most stunning astronomical events. Whether you’re an avid astronomer or just enjoy gazing at the night sky, this Supermoon and meteor shower combination is sure to be a memorable sight.


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