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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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Alberta Premier Danielle Smith Welcomes Global Leaders at G7 Summit

 


Alberta Premier Danielle Smith is set to greet world leaders as they arrive in Calgary for the highly anticipated G7 summit. The three-day event, hosted in the scenic Kananaskis region, will bring together leaders from the world's most advanced economies, including Canada, the United States, France, Germany, Italy, Japan, and the United Kingdom, along with the European Union.

Smith's role extends beyond welcoming dignitaries—she will also host a reception for representatives from non-member countries and engage in bilateral meetings throughout the summit. While details of these meetings remain undisclosed, Smith has consistently emphasized Alberta’s position as a key player in global energy markets. Her recent international engagements, including visits to Japan, South Korea, and the United States, have focused on strengthening Alberta’s trade relationships and securing energy partnerships.

Prime Minister Mark Carney, as the summit’s host, has invited additional leaders, including Australian Prime Minister Anthony Albanese, Brazilian President Luiz Inácio Lula da Silva, and Indian Prime Minister Narendra Modi. Energy security is expected to be a major topic of discussion, with Alberta’s vast resources playing a central role in conversations about global supply and sustainability.

As the summit unfolds, Smith aims to showcase Alberta’s economic strengths and reinforce its position as a reliable energy supplier on the world stage. The event marks a significant opportunity for the province to engage with international leaders and shape discussions on trade, energy, and global cooperation.

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