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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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Aeroflot Cyberattack Grounds Flights as Hackers Claim Deep Network Breach

 

Cyberattack Grounds Aeroflot Flights, Hackers Claim Year-Long Infiltration

Russia’s flagship airline Aeroflot has cancelled dozens of flights following a major cyberattack that disrupted its IT infrastructure and caused widespread delays across the country. The airline announced that its flight schedule has now been “stabilised,” with 93% of flights operating as planned.

Scope of the Attack

  • The cyberattack occurred early Monday and led to the cancellation of over 100 flights, including both domestic and international routes to Belarus, Armenia, and Uzbekistan.
  • Aeroflot’s subsidiaries, Rossiya and Pobeda, were also affected, with disruptions at Moscow’s Sheremetyevo Airport causing chaos for passengers.

Who’s Behind It?

  • Two pro-Ukraine hacking groups—Silent Crow and the Belarusian Cyber Partisans—claimed responsibility.
  • Silent Crow stated it had infiltrated Aeroflot’s systems for a year, destroying 7,000 servers and stealing sensitive data including passenger records and internal communications.
  • The groups linked the attack to opposition against Russia’s invasion of Ukraine and Belarus’s support for Moscow.

Government Response

  • Russian lawmakers called the attack a “wake-up call,” urging investigations into both the perpetrators and internal security failures.
  • The Kremlin described the incident as “worrying,” and a criminal investigation has been launched.

Impact and Outlook

  • Although Aeroflot resumed most operations by Tuesday morning, the long-term damage to its systems and reputation remains unclear.
  • Analysts warn that the attack marks a shift toward “kinetic sabotage,” where cyberattacks have tangible effects on physical infrastructure.


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