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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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Stalemate in Gaza Negotiations: Hopes for Ceasefire Dim


Efforts to restore peace in Gaza have hit another roadblock, as the latest round of talks in Cairo concluded without any significant progress. Egyptian and Palestinian sources revealed that Hamas remains firm in its stance, demanding that any agreement must lead to an end to the ongoing conflict. Meanwhile, Israel has reiterated its position that the war will continue until Hamas is completely dismantled.

Despite the impasse, there were glimpses of potential compromise. Hamas reportedly showed some flexibility regarding the number of hostages it might release in exchange for Palestinian prisoners held by Israel. However, the militant group has requested guarantees that Israel will engage in discussions for the next phase of the ceasefire agreement, which aims to end the war.

The situation in Gaza remains dire, with intensified Israeli airstrikes causing widespread devastation. Civilians are bearing the brunt of the conflict, as rescue workers struggle to recover bodies from the rubble of destroyed buildings. The humanitarian crisis continues to deepen, leaving the population in desperate need of relief.

The international community watches closely, hoping for a breakthrough that could pave the way for lasting peace in the region. For now, the stalemate persists, and the path to resolution remains uncertain.

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