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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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Putin Warns Ukraine: Diplomacy or Force Will Decide War’s End

 

Russian President Vladimir Putin gestures during a press conference, at the end of his visit to China


Russian President Vladimir Putin has told Kyiv there is still a chance to end the war in Ukraine through negotiations — but warned that if diplomacy fails, Russia will achieve its objectives “by force of arms”. Speaking in Beijing at the close of a state visit, Putin said he saw “a certain light at the end of the tunnel,” citing what he described as sincere efforts by the United States to broker a settlement.

Despite signalling a preference for talks, Putin made clear that Moscow’s core demands remain unchanged: Ukraine must abandon any plans to join NATO, address what Russia calls discrimination against Russian speakers, and accept Russian control over at least the Donbas region.

Putin said he was open to meeting Ukrainian President Volodymyr Zelenskyy — but only in Moscow, and only if the meeting was thoroughly prepared and produced tangible results. Kyiv has rejected Moscow as a venue, calling the proposal “unacceptable.”

Zelenskyy continues to push for direct talks, urging Washington to impose further sanctions on Russia if Putin refuses meaningful dialogue. Meanwhile, the conflict — now in its fourth year — shows no sign of slowing, with both sides carrying out fresh strikes on infrastructure and energy facilities.


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