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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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Tensions Rise as Smith’s Alberta Next Tour Concludes in Calgary

 

Alberta Premier Danielle Smith announces proposed changes to several pieces of democratic process legislation in Edmonton on Tuesday, April 29, 2025.


Premier Danielle Smith’s Alberta Next panel wrapped up its cross-province tour Monday night with a fiery town hall in Calgary, where more than 1,100 people gathered to debate the province’s future direction.

The panel, launched earlier this year following Prime Minister Mark Carney’s federal election win, has been consulting Albertans on six proposals aimed at increasing provincial autonomy. These include creating an Alberta-run pension plan, establishing a provincial police force, and taking greater control over immigration.

While the Calgary crowd largely supported the proposals in straw polls, the event was marked by moments of sharp dissent. A high school student criticizing government policy had his microphone cut off, sparking backlash from attendees. Heated exchanges also broke out among audience members, underscoring the deep divisions over Alberta’s relationship with Ottawa.

Despite the tension, Smith emphasized that some proposals may move forward without a referendum, while others could be put directly to voters. The panel will now review feedback from the tour and an upcoming telephone town hall before deciding next steps.

The Calgary meeting capped a summer of often boisterous gatherings across the province, reflecting both strong support for greater autonomy and growing frustration with federal-provincial relations.


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