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5 Things to Know Today: BoC Hike Eve, OAS Boost, Tariff Shuffle – Oct 27

  CANADIAN MONEY BRIEF • TUESDAY, OCTOBER 27, 2026 A big central-bank week opens with the Bank of Canada decision tomorrow, a pension payday, a tariff reshuffle and a federal budget on the horizon. Here is what matters for your wallet today. 1. The Bank of Canada Decides Tomorrow, and a Hike Is Priced In The Bank of Canada announces its rate decision Wednesday at 9:45 a.m. ET, alongside its Monetary Policy Report. Markets put the odds of a quarter-point hike to 2.50% at roughly 80%, and 19 of 34 economists polled by Reuters expect it, with most also seeing another increase before March. RBC calls it a “pivotal decision” but says its conviction on a hike is “very low,” so a hold that sets up December or January is still possible. What it means for you: Each 0.25-point move adds about $104 a month in interest per $500,000 owed on a prime-linked variable mortgage or HELOC. Fixed rates follow bond yields, so they may already reflect much of this. If your renewal is coming, price both ...
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Market Turmoil: UnitedHealth's Plunge Sends Dow Spiraling Amid Weekly Losses

The stock market faced another turbulent session as UnitedHealth (UNH) shares plummeted over 22%, dragging the Dow Jones Industrial Average down by more than 500 points. The Nasdaq Composite and S&P 500 struggled to find footing, with both indexes sputtering after Wednesday’s tech-led sell-off.

UnitedHealth’s sharp decline followed a cut in its full-year profit forecast, making it the worst-performing Dow component of the day. The broader market also felt the weight of uncertainty surrounding trade policies and Federal Reserve decisions, as Fed Chair Jerome Powell warned of economic challenges ahead  due to tariffs.

Despite a slight rebound in the S&P 500, all three major indexes closed the week lower, with the Dow and Nasdaq falling over 2.5% and the S&P 500 down around 1.5%. Investors now turn their attention to upcoming earnings reports and economic indicators that could shape market sentiment in the coming weeks.


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