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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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Montreal Anti-NATO Protest Turns Violent, Three Arrested

 

A demonstration against NATO in Montreal escalated into violence on Thursday, leading to the arrest of three individuals. Protesters, rallying against Canada’s involvement in the military alliance, clashed with police in the downtown area after the initially peaceful march took a confrontational turn.

Authorities reported that some demonstrators threw projectiles and vandalized property, prompting police to deploy tear gas and disperse the crowd. "While most attendees were peaceful, a small group engaged in unlawful acts, forcing us to intervene," said a spokesperson for the Montreal Police.

The protest was organized by a coalition of anti-war groups criticizing NATO's role in global conflicts and demanding that Canada reduce its military spending. Activists have called for the government to redirect funds toward social programs and domestic priorities instead.

The arrested individuals face charges ranging from mischief to assaulting a peace officer. No serious injuries were reported, but tensions remain high as organizers plan to continue their demonstrations in the coming weeks.


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