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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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Cyberattack Chaos: European Airports Grapple with Prolonged Check-In Disruptions

 

Check-in counters at a terminal at Berlin's Brandenburg airport, in Schönefeld, Germany, Saturday Sept. 20, 2025, after a cyberattack targeting check-in and boarding systems disrupted air traffic at several major European airports.


A major cyberattack targeting airline check-in systems has continued to disrupt travel across Europe for a second consecutive day, leaving passengers stranded and airlines scrambling to adapt.

The attack, which began late Friday, affected airports in Brussels, London, and Berlin, forcing staff to revert to manual processes such as handwritten boarding passes and backup laptops. The disruption stems from a “cyber-related incident” impacting software provided by Collins Aerospace, a U.S.-based company that supports check-in, baggage tagging, and boarding systems.

While operations at London’s Heathrow and Berlin’s Brandenburg airports showed signs of improvement by Sunday, Brussels Airport remained heavily impacted, reporting more than 70 flight cancellations in a single day—double the number from Saturday. Airport officials warned that the timeline for full recovery remains uncertain, urging passengers to verify flight details before traveling.

Authorities have not yet identified the perpetrators, with experts suggesting the attack could be linked to hackers, criminal groups, or even state-backed actors.

For now, European travelers face longer waits, unexpected cancellations, and a reminder of the growing vulnerability of critical infrastructure to cyber threats.


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