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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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Tiny Homes for the Homeless: A Controversial Solution in Toronto

 

The City of Toronto has requested the removal of tiny shelters for homeless individuals from St. James Park. These shelters, built by the non-profit organization Tiny Tiny Homes, were designed to provide temporary housing for those experiencing homelessness. The city cited safety concerns and interference with public use of the park as reasons for the removal.

Ryan Donais, the founder of Tiny Tiny Homes, started building these shelters to address the growing number of homeless encampments in Ontario. Each tiny home is equipped with a bed, a small kitchen, a solar panel for lights and a fan, and a diesel-fueled heating system. Despite the city's request, Donais and his supporters are advocating for alternative locations for the shelters and have started a petition to garner public support.

The city has acknowledged the good intentions behind the initiative but maintains that the shelters pose safety risks and interfere with city staff's outreach work. As the debate continues, the future of these tiny homes remains uncertain.


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