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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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Thousands of Syrians Begin Journey Home from Turkey

 

Hundreds of Syrian refugees gathered at the Cilvegozu and Oncupinar border crossings in southern Turkey on Monday, eagerly awaiting their return home following the fall of President Bashar Assad’s government. Many arrived at the border gates at daybreak, wrapped in blankets and coats, some even setting up makeshift fires to keep warm.

Among the crowd was 28-year-old Muhammed Zin, who fled Damascus in 2016 and has been living in Istanbul. “Assad was shooting us, killing us,” he told the Associated Press. “I will return to Syria now. Thank God, the war is over,” he said.

Seer Ali, 18, who left Damascus six years ago, expressed similar sentiments. “We are very happy, very happy. Not just me, but everyone, all of us Syrians here are very happy,” he said. “Everyone will return, no one will stay here. They will all go to their families.”

Turkish officials have not disclosed the exact number of Syrians who have returned since Assad’s downfall. Authorities have set up checkpoints to ensure only those with proper documentation can advance to the border gate. The fall of Assad has sparked widespread joy among Turkey’s three million Syrian refugees, many of whom have taken to the streets to celebrate.

Turkish Foreign Minister Hakan Fidan stated, “We will continue our efforts to ensure the safe and voluntary return of Syrians and to rebuild the country.”

As the first major wave of refugees begins their journey home, the future remains uncertain, but hope and excitement fill the air.




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