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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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Nationwide Backlash: Protests Erupt Over Trump’s Project 2025 Agenda

 

Activists across the United States are mobilizing to oppose former President Donald Trump and his controversial Project 2025 agenda. Organized under hashtags like #buildtheresistance and #50501, demonstrators are planning events in cities from coast to coast—many of which will take place at state capitols. According to a Reuters report, thousands gathered in Washington, D.C., to protest Trump’s upcoming inauguration amid fears that his policies will erode constitutional rights and democratic norms .

Project 2025, a 1,000‐page blueprint published by conservative think tanks and closely associated with Trump’s policy proposals, outlines sweeping changes that critics warn would dismantle key federal agencies and pave the way for an authoritarian government. The plan has drawn sharp rebuke from political scholars, civil rights groups, and legal experts who argue that its measures threaten to undermine the rule of law and consolidate executive power .

In response, grassroots groups—from advocates for women’s and LGBTQ+ rights to environmental and immigrant justice organizations—have been calling on Americans to defend democratic institutions. As noted by The Guardian, anti-Trump protests erupted in major cities such as New York, Seattle, and Washington, D.C., with demonstrators decrying policies they see as a prelude to autocratic rule .

Additional nationwide protests, such as those organized under the “50 states, 50 protests” initiative reported by FOX 9, indicate that opposition is not limited to one region but spans the entire country . Meanwhile, a Vanity Fair feature highlighted how Project 2025’s architects are openly railing against the modern administrative state, even as Trump himself distances his rhetoric from the plan .

Despite fears and heated rhetoric, organizers emphasize that the demonstrations will remain peaceful. For example, while a New York Post report on the rebranded People’s March noted a smaller-than-expected turnout in Lower Manhattan, it underscored a renewed commitment to inclusivity and coalition-building in protest of policies that many see as threatening to civil liberties .

As the debate over America’s future intensifies, these protests underscore a growing national demand for accountability and a rejection of policies perceived as a direct assault on democratic norms. Activists insist that now, more than ever, unity and continued public pressure are essential to safeguard the principles of liberty and justice in the face of an agenda they view as dangerously transformative.


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