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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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Macron’s Political Carousel: France Faces Fifth PM in Two Years

 

                                 France's Macron seeks new prime minister after government's collapse


French President Emmanuel Macron is once again on the hunt for a new prime minister—his fifth in under two years—after François Bayrou’s government collapsed following a resounding defeat in a parliamentary confidence vote.

Bayrou, a centrist with a long history of cross-party dealings, lasted just nine months in office before his deficit-cutting proposals were rejected by a fractured National Assembly. His resignation follows similar exits by predecessors Michel Barnier and Gabriel Attal, both of whom also failed to navigate the increasingly gridlocked legislature.

Macron now faces a daunting political landscape. With no clear majority and rising pressure from both the far-right and hard-left, his options are limited. He could appoint another loyalist, such as Defence Minister Sébastien Lecornu, or pivot toward a more conciliatory figure from the Socialist ranks like Olivier Faure or Bernard Cazeneuve. However, each choice risks alienating key factions and triggering further instability.

Calls for snap elections are growing louder, especially from Marine Le Pen’s National Rally, but Macron appears reluctant to gamble again after a previous election only deepened the parliamentary divide.

As France grapples with economic challenges and mounting public unrest, Macron’s next move could determine whether his presidency regains momentum—or sinks deeper into political paralysis.

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