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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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Kyiv Endures One of Russia’s Largest Air Assaults of the War

A man stands on a roof of destroyed residential buildings that were hit during Russian drone and missile strikes, amid Russia's attack on Ukraine, in Kyiv, Ukraine September 28, 2025.

Ukraine faced one of the most intense aerial bombardments since the start of the full-scale invasion, as Russia launched nearly 600 drones and dozens of missiles across the country overnight. The capital, Kyiv, was the primary target, with explosions and anti-aircraft fire echoing for more than 12 hours.

According to Ukraine’s military, air defences intercepted 568 drones and 43 missiles, but several still struck residential areas, factories, and a cardiology clinic. At least four people, including a child, were killed, and nearly 80 others injured. In Zaporizhzhia, authorities reported dozens wounded after what President Volodymyr Zelenskiy described as an “extraordinarily fierce” attack.

Neighbouring Poland briefly closed its airspace and scrambled fighter jets in response to the barrage. Russia’s defence ministry claimed the strikes targeted military infrastructure, though widespread civilian damage was reported.

Zelenskiy condemned the assault as “vile” and renewed calls for tougher international sanctions, urging allies to cut off Russia’s energy revenues that continue to fund the war. He also confirmed the deployment of an additional Patriot missile system, while stressing that Ukraine’s defences remain stretched under repeated large-scale attacks.

As dawn broke over Kyiv, residents emerged from underground shelters to find homes reduced to rubble, shattered windows, and streets littered with debris—another stark reminder of the war’s relentless toll.


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