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5 Things to Know Today: BoC Hike Odds Near 80%, Oil Tops US$100, Loonie Hits 5-Week High

  Canadian Money Brief  |  Saturday, October 24, 2026 The Bank of Canada is expected to raise rates on Wednesday, oil is back above US$100 and stocks slipped on AI worries. Here are the five things to know this Saturday, and what each one means for your wallet. 1 The Bank of Canada is widely expected to hike on Wednesday Markets are putting roughly an 80% chance on a quarter-point increase at the Bank of Canada’s Oct. 28 decision, which would lift the policy rate from 2.25% to 2.50%. A majority of economists polled by Reuters also expect a second hike by the end of March. The shift followed hawkish comments from Governor Tiff Macklem about a higher inflation outlook driven by oil. What it means for you Every 0.25-point increase adds about $250 a year (roughly $21 a month) for each $100,000 of prime-linked debt, such as a variable-rate mortgage or HELOC. Fixed-rate holders are not hit directly, but renewals are being priced off higher bond yields. Savers may see HISA and...
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U.S. Envoy Excludes Europe from Ukraine Peace Talks

In a surprising move, the U.S. Special Envoy for Ukraine and Russia, Keith Kellogg, announced that Europe will not be part of the upcoming peace talks aimed at resolving the ongoing conflict between Ukraine and Russia. This decision has sparked concerns among European leaders, who fear being sidelined in discussions that directly impact their security.

The announcement was made during the Munich Security Conference, where Kellogg emphasized that the U.S. would act as an intermediary, with Ukraine and Russia as the primary negotiators. He stated that while European interests would be considered, they would not have a seat at the negotiation table.

European leaders have expressed their dissatisfaction with this decision, urging for more involvement in the peace process. Finland's President Alexander Stubb highlighted the importance of European participation in discussions about Ukraine's future and the broader European security structure. Despite these concerns, the U.S. administration remains firm in its stance, prioritizing other global challenges such as border security and countering China.

The exclusion of Europe from the peace talks has raised questions about the future of transatlantic relations and the role of European nations in addressing regional conflicts. As the situation unfolds, it remains to be seen how this decision will impact the dynamics of the Ukraine-Russia conflict and the broader geopolitical landscape.



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