Skip to main content

Featured

5 Things to Know Today: BoC Hike Odds, Fixed Rates, Tariff Swap, $100 Oil & Budget Countdown (Oct. 25)

  Canadian Money Brief • Sunday, October 25, 2026 A big week for your wallet starts Wednesday. Here are the five things Canadians should know before it begins. 1 The Bank of Canada decides Wednesday, and markets lean toward a hike The Bank of Canada announces its rate decision at 9:45 a.m. ET on Wednesday, Oct. 28, alongside a new Monetary Policy Report. Prediction markets price roughly a 79% chance of a quarter-point hike to 2.50%, up sharply after Governor Tiff Macklem’s hawkish comments at the IMF meetings, though analysts remain split and some expect a “hawkish hold.” The U.S. Fed also decides that day. What it means for you: Variable-rate mortgage and HELOC holders feel it first. A 0.25-point hike works out to roughly $70 more per month on a $500,000 variable mortgage (25-year amortization), and prime would move from 4.45% to 4.70%. A hold means little change until the next decision on Dec. 9. 2 Fixed mortgage rates have already moved without the Bank Fixed rates follow bond ...
Post a Comment
Read more

article

Labels

Russia Calls for Israeli Restraint Amid Escalating Tensions with Iran



Russia has urged Israel to exercise restraint in its ongoing conflict with Iran, emphasizing Tehran's right to self-defense. Deputy Foreign Minister Sergei Ryabkov stated that Israel must show "restraint and common sense" as the crisis unfolds.  

The confrontation escalated after Israel launched strikes against Iran's nuclear sites and military leadership last Friday, prompting Iran to retaliate with missile attacks on Israeli cities. Russia, which has a strategic partnership with Iran, expressed concerns over the potential consequences of strikes on nuclear infrastructure and their impact on global markets.  

The Kremlin also highlighted its willingness to mediate between the two nations, offering to remove highly enriched uranium from Iran and convert it into civilian reactor fuel as a possible solution to defuse tensions over Tehran's nuclear program.  

Russian President Vladimir Putin and Turkish President Tayyip Erdogan discussed the situation in a phone call, agreeing that the conflict poses significant risks to regional stability and calling for an immediate cessation of hostilities.  

As diplomatic efforts continue, the international community watches closely, hoping for a resolution that prevents further escalation in the Middle East.

Labels:

Comments

Post a Comment