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5 Things to Know Today: BoC Hike Odds, Fixed Rates, Tariff Swap, $100 Oil & Budget Countdown (Oct. 25)

  Canadian Money Brief • Sunday, October 25, 2026 A big week for your wallet starts Wednesday. Here are the five things Canadians should know before it begins. 1 The Bank of Canada decides Wednesday, and markets lean toward a hike The Bank of Canada announces its rate decision at 9:45 a.m. ET on Wednesday, Oct. 28, alongside a new Monetary Policy Report. Prediction markets price roughly a 79% chance of a quarter-point hike to 2.50%, up sharply after Governor Tiff Macklem’s hawkish comments at the IMF meetings, though analysts remain split and some expect a “hawkish hold.” The U.S. Fed also decides that day. What it means for you: Variable-rate mortgage and HELOC holders feel it first. A 0.25-point hike works out to roughly $70 more per month on a $500,000 variable mortgage (25-year amortization), and prime would move from 4.45% to 4.70%. A hold means little change until the next decision on Dec. 9. 2 Fixed mortgage rates have already moved without the Bank Fixed rates follow bond ...
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Midnight Tremor Shakes Greece: 5.2-Magnitude Quake Hits Evia, Rattles Athens

 



A powerful earthquake measuring 5.2 on the Richter scale struck the Greek island of Evia shortly after midnight on September 9, sending strong tremors across the region and into the capital, Athens.

According to the Athens Geodynamic Institute, the quake’s epicenter was located near the town of Nea Styra, approximately 50 kilometers northeast of Athens, at a shallow depth of around 10 kilometers. The superficial depth amplified the shaking, making it particularly noticeable in the capital and surrounding areas.

Despite the intensity of the tremor, authorities reported no casualties or significant damage. Local officials noted only minor incidents, such as broken windows in Nea Styra. Seismologists reassured the public that the area is not typically prone to stronger quakes, though aftershocks are expected in the coming days.

Residents in parts of Evia spent the night outdoors as a precaution, while in Athens, the quake briefly interrupted late-night broadcasts and startled many from their sleep. Emergency services remain on alert, continuing to monitor the situation.


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