Skip to main content

Featured

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...

article

Kremlin Dismisses Ukraine’s Chances of Reclaiming Lost Land

 

A woman walks past a poster promoting military service in the Russian Armed Forces, in the town of Kurchatov in the Kursk Region, Russia.

The Kremlin has rejected the notion that Ukraine can regain territories occupied by Russian forces, calling such expectations a “big mistake.” The statement came in response to U.S. President Donald Trump’s recent remarks suggesting that Ukraine, with European and NATO support, could eventually restore its original borders.

Kremlin spokesperson Dmitry Peskov insisted that Russia’s economy remains strong enough to sustain its military campaign and dismissed Trump’s characterization of Moscow’s war effort as “aimless.” Peskov argued that the conflict stems from what Russia views as the West’s refusal to address its security concerns, rather than from weakness on Russia’s part.

Trump’s comments, made after meeting Ukrainian President Volodymyr Zelenskyy at the United Nations General Assembly, marked a notable shift in tone. While Trump has previously suggested Kyiv might need to make concessions, he now claims Ukraine could “fight and win all of Ukraine back in its original form.”

The Kremlin’s sharp rebuttal underscores the deep divide between Moscow and Western leaders over the war’s trajectory. For Ukraine, Trump’s words signal renewed political backing, but Russia’s dismissal highlights the entrenched positions that continue to block any path to peace.


Comments