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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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Loblaw to invest $1.3 billion in new stores and e-commerce

Loblaw Companies Ltd., Canada’s largest grocery retailer, announced on Monday that it plans to build more than 40 new stores and renovate over 100 existing ones this year. The company said it will invest $1.3 billion in its expansion plan, which will also include improving its e-commerce and digital capabilities.

The new stores will include both grocery and pharmacy banners, such as Loblaws, Zehrs, Shoppers Drug Mart, and No Frills. The company expects to create about 5,000 new jobs across the country as a result of the expansion.

Loblaw said the investment will help it meet the changing needs and preferences of its customers, especially amid the COVID-19 pandemic. The company has seen a surge in online sales and delivery demand, as well as a shift to more local and fresh products.

“We are investing in our business at a time when many customers are changing how they shop and what they buy,” said Sarah Davis, president of Loblaw. “We are accelerating our investments in online grocery and expanding our store network to ensure we meet the needs of Canadians today and in the future.”

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