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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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Israeli Army Orders Evacuation of Gaza City Suburb, Triggering Mass Displacement

 


The Israeli military has issued evacuation orders for a suburb of Gaza City, prompting thousands of residents to flee their homes amid fears of intensified military operations. The order, delivered via leaflets and loudspeaker announcements, directed residents to move south, citing the need to target Hamas infrastructure in the area.

The evacuation adds to the humanitarian crisis in Gaza, where over a million people have already been displaced since the conflict began. Families are scrambling to find shelter in overcrowded areas as food, water, and medical supplies run dangerously low.

“This is a nightmare. We don’t know where to go, and there’s no safe place,” said a resident forced to leave his home.

The Israeli Defense Forces (IDF) maintain that the evacuation is necessary to minimize civilian casualties during their military operations. However, international organizations have criticized the move, warning that it exacerbates the dire humanitarian situation in Gaza and places additional strain on relief efforts.

As calls for a cease-fire grow louder, the mass displacement highlights the urgency of finding a resolution to the escalating conflict.



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