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5 Things to Know Today: BoC Decision Day, Fed, Loonie, Tariff Talks and OAS Boost

  Canadian Money Brief 5 Things to Know Today Wednesday, October 28, 2026 It’s a heavy day for Canadian wallets. The Bank of Canada announces its rate decision this morning, the U.S. Fed follows this afternoon, tariff talks are heating up, and bigger OAS deposits land in bank accounts. Here’s what to know. 1 The Bank of Canada decides this morning — a hike is widely expected The decision lands at 9:45 a.m. ET, along with a new Monetary Policy Report. Markets and economists expect a quarter-point increase to 2.50% from 2.25%, which would be the first hike since July 2023. Nineteen of 34 economists in a Reuters poll called for the move, and investors were pricing roughly a 75% chance on Tuesday. The case for it: inflation hit 3.1% in September, driven almost entirely by energy, even as core measures eased below 2%. What it means for you A hike would likely lift prime rates quickly, so variable-rate mortgages and HELOCs feel it first. Roughly, 0.25 points adds about $250 a year per $...
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Market Surge Continues: Dow, S&P 500, Nasdaq Rally as Bitcoin Hits Record High

 

The stock market continued its impressive rally today, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all posting gains. Investors remain optimistic following recent economic developments and policy changes.

Key Highlights:

  • Dow Jones Industrial Average: Up approximately 0.6%, leading the charge among major indices.
  • S&P 500: Increased by 0.3%, continuing its upward trajectory.
  • Nasdaq Composite: Also rose by 0.3%, driven by strong performances in the tech sector.

Adding to the market’s exuberance, Bitcoin surged past $82,000 for the first time, reflecting growing confidence in the cryptocurrency market. This milestone comes amid high hopes for a more crypto-friendly regulatory environment.

Investors are now looking ahead to upcoming consumer inflation data, which could provide further insights into the Federal Reserve’s future policy moves. The recent rate cut by the Fed has already fueled market optimism, but concerns about potential inflationary pressures remain.

Overall, the market’s positive momentum shows no signs of slowing down, with both traditional stocks and cryptocurrencies benefiting from the current economic climate.


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