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5 Things to Know Today: BoC Hike Odds Near 80%, Oil Tops US$100, Loonie Hits 5-Week High

  Canadian Money Brief  |  Saturday, October 24, 2026 The Bank of Canada is expected to raise rates on Wednesday, oil is back above US$100 and stocks slipped on AI worries. Here are the five things to know this Saturday, and what each one means for your wallet. 1 The Bank of Canada is widely expected to hike on Wednesday Markets are putting roughly an 80% chance on a quarter-point increase at the Bank of Canada’s Oct. 28 decision, which would lift the policy rate from 2.25% to 2.50%. A majority of economists polled by Reuters also expect a second hike by the end of March. The shift followed hawkish comments from Governor Tiff Macklem about a higher inflation outlook driven by oil. What it means for you Every 0.25-point increase adds about $250 a year (roughly $21 a month) for each $100,000 of prime-linked debt, such as a variable-rate mortgage or HELOC. Fixed-rate holders are not hit directly, but renewals are being priced off higher bond yields. Savers may see HISA and...
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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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