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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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Romania and Ukraine Join Forces on Drone Production to Bolster NATO’s Eastern Defenses

 

Romania has announced plans to launch joint production of defensive drones with Ukraine in a move aimed at strengthening NATO’s eastern flank amid rising security concerns. Romanian Foreign Minister Oana Toiu confirmed that discussions with Kyiv began prior to recent airspace incursions in the region, which NATO allies have largely attributed to Russia.

The initiative will see drones manufactured in Romania for domestic use, as well as for European Union and NATO partners. Officials emphasized that the collaboration is designed to accelerate the creation of a “drone wall” — a coordinated defense system across Eastern Europe to counter aerial threats.

Ukraine, which has rapidly advanced its drone technology on the battlefield, will provide combat-tested expertise, while Romania contributes production capacity under the EU’s SAFE defense program. The project is part of a broader €16.6 billion package allocated to Romania for military modernization, including air defense systems and expanded NATO infrastructure.

The move underscores NATO’s growing focus on air defense as Russian drones and aircraft continue to test allied airspace. By combining resources, Romania and Ukraine aim to deliver a faster, more cost-effective response to evolving threats, while reinforcing the security of Europe’s eastern frontier.


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