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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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Terror Strikes Moscow Concert Hall: Multiple Casualties Reported

In a horrifying act of violence, gunmen clad in combat fatigues stormed the Crocus City Hall concert venue on the western edge of Moscow. Their rampage left many dead and wounded, marking one of the deadliest terror attacks in Russia in the past two decades.

As the crowd gathered for a concert by the renowned Russian rock band Picnic, the assailants opened fire with automatic weapons, causing chaos and panic. The venue, which can accommodate over 6,000 people, turned into a scene of horror as bullets flew and explosions rocked the hall.

The attackers didn’t stop at gunfire. They also deployed explosives, igniting a massive blaze that engulfed a third of the concert hall. Smoke billowed from the building, and the roof was nearly consumed by flames. Videos captured the desperate attempts of concertgoers to flee the inferno.

More than 50 ambulance crews rushed to the scene, tending to the injured and evacuating survivors. Special units of Russia’s National Guard and local police joined the effort. The regional governor, Andrei Vorobyov, set up a task force to assess the damage and coordinate rescue operations.

The attack has drawn international condemnation. The U.S. Embassy in Moscow had previously warned citizens to avoid large gatherings due to heightened fears of terrorism. Now, the world watches in shock as Moscow grapples with this monstrous crime.

Authorities are still assessing the full extent of the casualties, but the toll is devastating. As investigations unfold, questions remain about the motives and identities of the attackers. The tragedy at Crocus City Hall serves as a grim reminder of the fragility of safety and the urgent need for vigilance against terror.


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