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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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Trump and Putin Open Alaska Talks Amid Global Ceasefire Push

 

Trump-Putin Alaska Summit 2025. President Donald Trump meets with Russia's President Vladimir Putin Friday, Aug. 15, 2025, at Joint Base Elmendorf-Richardson, Alaska. 


 U.S. President Donald Trump and Russian President Vladimir Putin have begun a closely watched summit at Joint Base Elmendorf-Richardson, aiming to lay the groundwork for a potential ceasefire in the ongoing Russia-Ukraine war.

The meeting — their first face-to-face encounter since Trump’s return to the White House — comes with both high expectations and deep skepticism from global leaders. Ukrainian President Volodymyr Zelenskyy was notably excluded from the talks, a decision that has drawn concern from Kyiv and its allies.

Trump has signaled he wants “a ceasefire rapidly” and warned of “very severe consequences” if Putin refuses to agree to end hostilities. While stressing he is “not here to negotiate for Ukraine,” Trump has framed the summit as a step toward a broader meeting that could include Zelenskyy and European leaders.

For Putin, the Alaska visit offers a rare opportunity to engage on U.S. soil after years of diplomatic isolation. The Kremlin has hinted that some terms could be reached, though both sides remain far apart on key issues, including territorial control and Ukraine’s NATO ambitions.

As the talks continue behind closed doors, the world watches to see whether this high-stakes encounter will mark a turning point in the conflict — or simply set the stage for more tense diplomacy ahead.

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