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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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U.S. Limits Ukraine’s Use of Long-Range Missiles Amid Push for Peace Talks

 


The Pentagon has quietly restricted Ukraine from using U.S.-supplied long-range Army Tactical Missile Systems (ATACMS) to strike targets inside Russia, according to U.S. officials cited by the Wall Street Journal.

The policy, in place since late spring, requires high-level approval from Defense Secretary Pete Hegseth before any such strikes can be carried out. On at least one occasion, Kyiv’s request to use the missiles against Russian territory was denied.

The move comes as President Donald Trump grows increasingly frustrated over the lack of progress in ending the three-year war. His administration has sought to bring Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy to the negotiating table, but talks have stalled.

Officials say the restrictions also apply to certain European weapons systems that rely on U.S. intelligence or components, such as the UK’s Storm Shadow cruise missile. While Trump has publicly argued that Ukraine cannot win without taking the offensive, the Pentagon’s review process remains in place, limiting Kyiv’s ability to strike deep into Russian territory.

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