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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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Gaza Hospital Devastation: Aftermath of Conflict


In the wake of Israeli forces withdrawing from Gaza City, the extent of the destruction has become painfully apparent. Al-Shifa Hospital, once a bustling medical facility, now lies in ruins. The Israeli military’s operation, which lasted two weeks, has been met with conflicting reports regarding the presence of armed fighters within the hospital’s walls. While the military claims to have neutralized numerous combatants, hospital staff and Hamas officials firmly deny these assertions.

The damage to Al-Shifa Hospital is a stark reminder of the human cost of conflict. Amidst the rubble, residents of Gaza City are left to piece together their lives, grappling with the loss of a critical healthcare institution. The international community watches on, as the debate over the legitimacy of military actions and the protection of non-combatant zones continues to rage.

This tragic event underscores the urgent need for sustained peace efforts and the protection of civilian infrastructure in conflict zones.

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