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5 Things to Know Today: BoC Hike Odds Near 80%, Oil Tops US$100, Loonie Hits 5-Week High

  Canadian Money Brief  |  Saturday, October 24, 2026 The Bank of Canada is expected to raise rates on Wednesday, oil is back above US$100 and stocks slipped on AI worries. Here are the five things to know this Saturday, and what each one means for your wallet. 1 The Bank of Canada is widely expected to hike on Wednesday Markets are putting roughly an 80% chance on a quarter-point increase at the Bank of Canada’s Oct. 28 decision, which would lift the policy rate from 2.25% to 2.50%. A majority of economists polled by Reuters also expect a second hike by the end of March. The shift followed hawkish comments from Governor Tiff Macklem about a higher inflation outlook driven by oil. What it means for you Every 0.25-point increase adds about $250 a year (roughly $21 a month) for each $100,000 of prime-linked debt, such as a variable-rate mortgage or HELOC. Fixed-rate holders are not hit directly, but renewals are being priced off higher bond yields. Savers may see HISA and...
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Families of Israeli Hostages Voice Doubts as Trump and Netanyahu Announce Gaza Deal


The families of Israeli hostages held in Gaza have expressed deep concern following the announcement of a U.S.-brokered peace plan between President Donald Trump and Israeli Prime Minister Benjamin Netanyahu. The 20-point proposal, unveiled at the White House, calls for an immediate ceasefire, the release of all remaining hostages within 72 hours, and a phased Israeli withdrawal from Gaza.

While Netanyahu hailed the plan as meeting Israel’s “war aims,” relatives of the captives fear that ongoing military operations could jeopardize the lives of the roughly 20 hostages still believed to be alive. Demonstrators gathered outside the White House, urging Trump to prioritize the hostages’ release above political maneuvering.

The plan also includes the exchange of Palestinian prisoners, the deployment of an international security force, and the establishment of a temporary governing body chaired by Trump with former UK Prime Minister Tony Blair among its members. Hamas has yet to formally respond, though mediators in Qatar and Egypt say the group is reviewing the proposal “in good faith”.

Despite international support from several Arab and Western nations, uncertainty remains. For hostage families, the deal represents both a glimmer of hope and a source of anxiety, as they wait to see whether promises on paper will translate into the safe return of their loved ones.


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