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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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Catastrophic Coral Bleaching Event Devastates Reefs Worldwide

 

The world’s coral reefs are under siege, as more than 80% of them have been affected by the worst bleaching event ever recorded. Coral bleaching occurs when environmental stressors like rising sea temperatures cause corals to expel the algae living within them, turning them stark white and jeopardizing their survival. This global crisis has far-reaching implications for marine ecosystems, local economies, and biodiversity. 

Reefs are often called the “rainforests of the sea” due to their vibrant diversity, providing habitat to a quarter of all marine species. Their decline threatens the food supply for millions of people, disrupts fisheries, and undermines coastal protection against storms and erosion. With scientists pinpointing climate change as the primary driver behind this catastrophic bleaching event, urgent action is needed to curb greenhouse gas emissions and improve reef resilience.

Efforts to conserve and restore coral reefs have been undertaken across the globe, but the sheer scale of the damage highlights the need for international collaboration and commitment. From implementing marine protected areas to investing in reef restoration technologies, every measure counts toward preserving these vital underwater ecosystems. 

This unprecedented bleaching event serves as a stark reminder of the fragile balance within our natural world and the need for immediate, collective environmental stewardship. It’s a wake-up call for humanity to defend the living treasures that sustain us and future generations.

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