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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 ...
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Pope Leo Urges Catholic Youth to Be Ambassadors of Faith

 

                Pope Leo XIV waves as he leaves after a Mass for Jubilee of Youth in Tor Vergata, in Rome, Italy

 In a stirring address to over one million young Catholics gathered at the World Youth Assembly, Pope Leo delivered a passionate call to action, urging the next generation to become bold ambassadors of their faith in an increasingly secular world.

Speaking from the steps of St. Peter’s Basilica, the pontiff emphasized the power of youth to shape the future of the Church. “You are not just the future of Catholicism—you are its present,” Pope Leo declared. “Let your lives be living testimonies of Christ’s love, mercy, and truth.”

The crowd, representing over 100 countries, erupted in cheers as the Pope encouraged them to carry the Gospel into their schools, communities, and digital spaces. He reminded them that evangelization is not merely preaching, but living with integrity, compassion, and courage.

The event marked one of the largest religious gatherings in recent history, with workshops, prayer vigils, and cultural exchanges reinforcing the Pope’s message of unity and spiritual renewal.

As the sun set over Vatican City, Pope Leo concluded with a blessing and a challenge: “Go forth with joy. Be the light in the darkness. Let the world know who you are—and whose you are.”

The moment has already sparked a wave of social media posts under the hashtag #FaithInAction, signaling a renewed energy among Catholic youth worldwide.


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