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5 Things to Know Today: BoC Hike Eve, OAS Boost, Tariff Shuffle – Oct 27

  CANADIAN MONEY BRIEF • TUESDAY, OCTOBER 27, 2026 A big central-bank week opens with the Bank of Canada decision tomorrow, a pension payday, a tariff reshuffle and a federal budget on the horizon. Here is what matters for your wallet today. 1. The Bank of Canada Decides Tomorrow, and a Hike Is Priced In The Bank of Canada announces its rate decision Wednesday at 9:45 a.m. ET, alongside its Monetary Policy Report. Markets put the odds of a quarter-point hike to 2.50% at roughly 80%, and 19 of 34 economists polled by Reuters expect it, with most also seeing another increase before March. RBC calls it a “pivotal decision” but says its conviction on a hike is “very low,” so a hold that sets up December or January is still possible. What it means for you: Each 0.25-point move adds about $104 a month in interest per $500,000 owed on a prime-linked variable mortgage or HELOC. Fixed rates follow bond yields, so they may already reflect much of this. If your renewal is coming, price both ...
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Tragedy Strikes New Orleans: Unraveling the Details of the New Year's Day Attack

 

In the early hours of New Year's Day, a devastating attack unfolded on Bourbon Street in New Orleans, leaving 15 people dead and dozens injured. The suspect, identified as Shamsud-Din Jabbar, a 42-year-old U.S. citizen from Texas and an Army veteran, drove a rented pickup truck into a crowd of revelers before engaging in a shootout with police. Jabbar was killed in the exchange of gunfire.

The FBI has confirmed that Jabbar acted alone and was inspired by ISIS. In the hours leading up to the attack, Jabbar posted videos on Facebook declaring his support for the terrorist organization. Authorities are also investigating a possible connection to a vehicle explosion outside the Trump International Hotel in Las Vegas, though no definitive link has been established.

The attack has left the city in shock, with families and friends mourning the loss of their loved ones. Among the victims were an aspiring nurse, a former football star, and a father of two. The FBI and local law enforcement continue to investigate the incident, reviewing surveillance footage and following up on tips from the public.

As New Orleans begins to heal from this tragedy, the community remains resilient, coming together to support one another in the face of adversity.



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