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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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Israel Halts Return of Thousands of Palestinians Amid Hostage Dispute with Hamas

 

In a recent development, Israel has stopped the return of thousands of Palestinians to their homes in northern Gaza, citing a violation of the ceasefire agreement by Hamas. The ceasefire, which was meant to bring peace and allow displaced Palestinians to return home, has been disrupted due to the non-release of a civilian hostage, Arbel Yehud.

According to Israeli officials, Hamas was supposed to release Yehud before freeing four female soldiers. However, Hamas did not adhere to this order, leading Israel to block the return of Palestinians until the situation is resolved. This decision has left many Palestinians stranded and uncertain about their future.

The ceasefire deal, which was brokered to end 15 months of conflict, included the release of hostages and Palestinian prisoners, as well as increased humanitarian aid for Gaza. Despite the initial hope brought by the ceasefire, the current dispute has cast a shadow over the fragile peace.

As negotiations continue, both sides remain hopeful for a resolution that will allow the safe return of displaced Palestinians and the release of all hostages. The international community continues to monitor the situation closely, urging both parties to adhere to the terms of the ceasefire and work towards lasting peace.




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