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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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Market Jitters Rise as Futures Slip Amid Shutdown Fears

US stock futures edged lower on Tuesday as investors braced for the growing likelihood of a government shutdown and fresh trade tensions. Futures tied to the Dow Jones Industrial Average dipped about 0.2%, while S&P 500 contracts slipped 0.2% and Nasdaq 100 futures eased 0.1%.

The pullback followed President Trump’s latest tariff announcements targeting lumber, timber, and furniture imports, adding to concerns about the global economic outlook. Markets are also on edge as lawmakers face a midnight deadline to avert the first government shutdown since 2019. Vice President JD Vance signaled pessimism after failed negotiations, saying, “I think we’re headed to a shutdown”.

A shutdown would halt key government data releases, including the closely watched September jobs report, which is central to the Federal Reserve’s policy outlook. Investors are also awaiting earnings from Nike later today, while labor market data and consumer confidence readings are expected to provide additional clues on economic momentum.

At last check, the Dow hovered near 46,296, down slightly from its prior close. The S&P 500 traded around 6,661, up modestly, while the Nasdaq showed similar caution in early moves.


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