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5 Things to Know Today: BoC Decision Day, Fed, Loonie, Tariff Talks and OAS Boost

  Canadian Money Brief 5 Things to Know Today Wednesday, October 28, 2026 It’s a heavy day for Canadian wallets. The Bank of Canada announces its rate decision this morning, the U.S. Fed follows this afternoon, tariff talks are heating up, and bigger OAS deposits land in bank accounts. Here’s what to know. 1 The Bank of Canada decides this morning — a hike is widely expected The decision lands at 9:45 a.m. ET, along with a new Monetary Policy Report. Markets and economists expect a quarter-point increase to 2.50% from 2.25%, which would be the first hike since July 2023. Nineteen of 34 economists in a Reuters poll called for the move, and investors were pricing roughly a 75% chance on Tuesday. The case for it: inflation hit 3.1% in September, driven almost entirely by energy, even as core measures eased below 2%. What it means for you A hike would likely lift prime rates quickly, so variable-rate mortgages and HELOCs feel it first. Roughly, 0.25 points adds about $250 a year per $...
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Global Trade Tensions Surge as Tariffs Climb to 125%


In an unexpected move, tariffs have been raised to a significant 125%, sending shockwaves across global trade markets. This steep increase has sparked intense debates among governments, economists, and businesses alike, as the implications are far-reaching.

Supporters of the hike argue that it will protect domestic industries from foreign competition, fostering local economic growth and employment. They see the move as a necessary measure in an increasingly competitive global economy.

However, critics warn of potential consequences, including higher prices for consumers, disrupted supply chains, and strained international relations. Many industries reliant on imported goods are already voicing concerns over the financial strain this decision could impose.

As the dust settles, stakeholders are left to navigate an increasingly complex trade environment. How this decision will ultimately impact global commerce remains a critical question.



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