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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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Ottawa’s Rideau Canal Skateway Reopens: Walk, Don’t Skate!

 

Ottawa, Canada – The iconic Rideau Canal Skateway, known as the world’s largest outdoor skating rink, briefly reopened its frozen expanse to visitors on Sunday. However, there’s a twist: leave your ice skates at home.

The National Capital Commission (NCC) made the decision to partially reopen approximately one-quarter of the Skateway at noon. But before you lace up those blades, take heed: the ice is currently only safe for walking.

Why the caution? An overnight snowfall disrupted the usual maintenance routine, preventing crews from flooding the canal. As a result, the ice condition has been rated as “very poor.” Skaters are advised to tread carefully and enjoy the picturesque views without the gliding motion.

The Rideau Canal Skateway, a beloved winter tradition in Ottawa, usually draws throngs of skaters from around the world. Its reopening, even for walking, brings a sense of normalcy and a chance to savor the crisp winter air. So, grab your warmest boots, bundle up, and explore this frozen wonderland – just remember to leave the skates behind! 


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