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5 Things to Know Today: BoC Hike Bets, TSX Slide, Oil Near $100 (Oct. 23)

  Canadian Money Brief • Friday, October 23, 2026 The Bank of Canada decision is five days away, the TSX gave back most of Wednesday's gains, and oil is flirting with US$100 again. Here are the five things Canadian wallets need to know today. 1. Markets Lean Toward a Bank of Canada Hike on Oct. 28 A decision that looked like a ninth straight hold is now a genuine coin flip with a hawkish tilt. After Governor Tiff Macklem warned that there is "no resolution in sight" for the Middle East conflict, BMO and Desjardins flipped to a hike call, Scotiabank firmed up its call and Goldman Sachs joined them, all looking for a quarter-point move to 2.50%. Overnight swaps priced about an 87% chance of a hike earlier this week, though other economists still argue for a hold, pointing to September's 68,000 job losses and a 6.5% unemployment rate. What it means for you: A quarter-point hike adds roughly $21 a month in interest for every $100,000 of variable-rate borrowing (HELOCs an...
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Trump’s Controversial Stance on Crimea: A Path to Peace or a Political Gamble?


In a recent interview, U.S. President Donald Trump stated that "Crimea will stay with Russia," sparking intense debate over his approach to ending the war in Ukraine. Trump emphasized that Ukrainian President Volodymyr Zelenskyy and others "understand" this position, citing historical ties and the region's predominantly Russian-speaking population. Crimea, annexed by Russia in 2014, remains a contentious issue in peace negotiations.

Trump has accused Zelenskyy of prolonging the conflict by resisting concessions, including the recognition of Crimea as Russian territory. Meanwhile, Russia continues its aggressive military actions, with recent drone strikes causing civilian casualties in Ukraine. Trump’s administration faces mounting pressure to broker a peace deal, with warnings that U.S. military aid to Ukraine could be at risk if negotiations stall.

Critics argue that Trump's stance undermines Ukraine's sovereignty and sets a dangerous precedent. Supporters, however, view it as a pragmatic step toward ending a devastating war. As the situation unfolds, the world watches to see whether this controversial strategy will lead to peace or further conflict.

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