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5 Things to Know Today: BoC Hike Odds Near 80%, Oil Tops US$100, Loonie Hits 5-Week High

  Canadian Money Brief  |  Saturday, October 24, 2026 The Bank of Canada is expected to raise rates on Wednesday, oil is back above US$100 and stocks slipped on AI worries. Here are the five things to know this Saturday, and what each one means for your wallet. 1 The Bank of Canada is widely expected to hike on Wednesday Markets are putting roughly an 80% chance on a quarter-point increase at the Bank of Canada’s Oct. 28 decision, which would lift the policy rate from 2.25% to 2.50%. A majority of economists polled by Reuters also expect a second hike by the end of March. The shift followed hawkish comments from Governor Tiff Macklem about a higher inflation outlook driven by oil. What it means for you Every 0.25-point increase adds about $250 a year (roughly $21 a month) for each $100,000 of prime-linked debt, such as a variable-rate mortgage or HELOC. Fixed-rate holders are not hit directly, but renewals are being priced off higher bond yields. Savers may see HISA and...
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Prince Harry’s Legal Battle Over Security Ends in Disappointment

Prince Harry has expressed deep disappointment after losing his legal fight against the UK government over police protection. The Duke of Sussex had sought to overturn a decision that stripped him of automatic taxpayer-funded security when visiting Britain, following his departure from royal duties in 2020.  

The ruling, upheld by the Court of Appeal, confirmed that Harry would not receive the same level of security as working royals, with protection granted only on a case-by-case basis. The prince, who now resides in California with his wife Meghan and their children, has voiced concerns about his safety in the UK, citing past threats and security risks.  

Despite his legal team's arguments that Harry was subjected to unjustified and inferior treatment, the court maintained that the decision was lawful. Buckingham Palace responded by stating that the matter had been thoroughly examined and consistently upheld by the courts.  

Harry, visibly emotional, shared that the ruling makes it difficult for him to bring his family to Britain safely. He also expressed a desire for reconciliation with his father, King Charles III, though he admitted that their relationship remains strained due to the ongoing security dispute.  

While the prince has hinted that he may not pursue further legal action, the outcome of this case underscores the complexities of royal security and the challenges faced by those who step away from official duties.

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