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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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Putin Hails US Efforts as High-Stakes Alaska Summit Nears

Russian President Vladimir Putin and US President Donald Trump are meeting in Alaska on 15 August 2025. 

Russian President Vladimir Putin has lauded what he called the United States’ “energetic and sincere efforts” to end the war in Ukraine, just hours before his first face-to-face meeting with US President Donald Trump since 2018. The summit, set for Friday at a military base in Anchorage, Alaska, is expected to tackle a potential ceasefire, nuclear arms control, and broader security issues.

Putin’s remarks signaled Moscow’s intent to raise strategic weapons talks alongside the Ukraine conflict, framing the meeting as a chance to create “long-term conditions for peace” in Europe and beyond.

Meanwhile, Ukrainian President Volodymyr Zelenskyy and European leaders have been working to ensure their interests are not sidelined. Trump has reportedly expressed willingness to support security guarantees for Kyiv, though details remain unclear.

The Alaska talks will begin with a one-on-one session, followed by delegation meetings and a press conference. While hopes for progress exist, both sides have tempered expectations, with no formal agreements anticipated at this stage.

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