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BoC Set to Hike Into a Weak Economy: What It Means for You

  Canadian Money Brief • Feature Monday, October 26, 2026 • Written ahead of the 9:45 a.m. ET decision on Wednesday, Oct. 28 The Bank of Canada is about to do something that looks backwards. Jobs are disappearing, the housing market is sluggish, and yet money markets and most economists expect the central bank to raise its key rate on Wednesday. If it happens, your budget gets squeezed from two directions at once: higher borrowing costs and a shakier job market. The short version • Expected move: +0.25 point to 2.50% on Oct. 28, up from 2.25% • Reuters poll: 56% of economists (19 of 34) call for a hike, and a majority see one more by end of March • Why now: energy-driven inflation (3.1% in September) and a bank worried it spreads • The catch: 68,300 jobs lost in September , unemployment at 6.5% Why would the bank hike when the economy is wobbling? Reuters reports the Bank of Canada is expected to raise its rate as a pre-emptive strike: the goal is to stop an oil-driven jump in p...
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Market Momentum: Futures Rise Amid Tariff Uncertainty

U.S. stock futures showed gains early Monday as investors navigated a mix of optimism and caution. The S&P 500 futures climbed 0.5%, while Nasdaq 100 futures rose 0.8%, and Dow Jones Industrial Average futures edged up 0.4%. This comes after a volatile February, with markets now bracing for key developments this week.

A major focus is the looming tariff deadlines set for March 4, which could impact trade with Canada, Mexico, and China. While 25% duties are planned, officials have hinted at potential adjustments, leaving markets in a "fluid situation." Investors are also eyeing the Federal Reserve's next meeting and Friday's nonfarm payrolls report, which is expected to show modest job growth with unemployment steady at 4%.

Adding to the mix, cryptocurrencies surged after President Trump announced the inclusion of Bitcoin, Ethereum, and other digital assets in a new U.S. strategic cryptocurrency reserve. This move has sparked significant market activity, with Bitcoin briefly surpassing $94,000.

As the week unfolds, retail earnings from companies like Target and Costco will provide further insights into consumer resilience amid economic uncertainties. Markets remain on edge, balancing hopes for growth against the challenges of global trade and economic policy.

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