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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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Markets Hold Breath Ahead of Nvidia’s High-Stakes Earnings

 

US stock futures were largely unchanged Wednesday morning as Wall Street awaited Nvidia’s much-anticipated quarterly results — a report seen as a key test for the AI-fueled market rally.

Futures tied to the Dow Jones Industrial Average edged up 0.30% to 45,418.07, while S&P 500 and Nasdaq 100 contracts hovered near the flatline. The calm followed modest gains in the prior session, with traders reluctant to make big moves before the chipmaker’s numbers drop after the closing bell.

Investor expectations for Nvidia are sky-high, with analysts forecasting record revenue and profit for the second quarter. The company’s results will also be closely watched for the impact of US restrictions on AI chip sales to China — a policy Nvidia has warned could cost it $8 billion in quarterly revenue.

Options markets are pricing in a potential 6% swing in Nvidia’s share price — equivalent to about $260 billion in market value — once the results are released. The stock was last trading at $181.77, up 1.09% in premarket action.

Beyond Nvidia, traders are monitoring bond yields, which remain near multi-month lows, and geopolitical developments including new US tariffs on Indian goods and EU-US trade negotiations. Energy markets were steady after a sharp drop in crude prices the previous day.

With the AI trade driving much of 2025’s equity gains, Nvidia’s performance and guidance could set the tone for the remainder of the year.

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