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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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University of Guelph Responds to Norovirus Outbreak


The University of Guelph has confirmed a positive test for norovirus as over 190 students report symptoms of gastroenteritis. The outbreak, which began in South Residence, has prompted the university to take immediate action to contain the spread of the virus.

Public health officials have been working closely with the university to implement enhanced cleaning measures and promote hygiene best practices among students. Custodial staff are spending additional time sanitizing commonly touched surfaces, such as doorknobs and washrooms. Students are being reminded to wash their hands frequently and avoid populated areas if they are feeling ill.

Despite the outbreak, the university is confident that the risk to the broader community remains low. However, they continue to monitor the situation closely and provide support to affected students.



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