Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Kim Jong Un Pledges Unwavering Support for Russia Amid Ukraine War

North Korean leader Kim Jong Un has reaffirmed his country’s “unconditional support” for Russia’s actions in the ongoing conflict in Ukraine, according to state media reports from Pyongyang. The declaration came during a high-profile meeting with Russian Foreign Minister Sergei Lavrov in the coastal city of Wonsan, marking a deepening of strategic ties between the two nations.

During the talks, Kim expressed full backing for “all the measures taken by the Russian leadership” to address what he described as the root causes of the Ukrainian crisis. Lavrov, in turn, conveyed greetings from President Vladimir Putin and praised the growing alliance as an “invincible fighting brotherhood”.

The meeting also highlighted the implementation of a mutual defense treaty signed last year, which obliges both countries to provide military assistance if either is attacked. Intelligence reports from South Korea suggest that North Korea has already deployed thousands of troops and supplied millions of artillery rounds to aid Russia’s war effort.

As global tensions rise, the Pyongyang-Moscow partnership appears to be evolving into one of the most robust military alliances seen since the Cold War.

Labels:

Comments

Post a Comment