Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Trump and Netanyahu Face High-Stakes White House Talks Amid Gaza War Pressure

 

US President Donald Trump speaks as Israeli Prime Minister Benjamin Netanyahu waves following a meeting in the White House, in Washington, US, April 7, 2025.


U.S. President Donald Trump and Israeli Prime Minister Benjamin Netanyahu are set to meet at the White House today for critical talks on the nearly two-year war in Gaza. The meeting comes as international pressure mounts on Israel to agree to a ceasefire and as Washington pushes a new 21-point peace plan aimed at ending the conflict.

Trump has promised “something special” and insists a breakthrough is within reach, citing support from Arab and Muslim states for the U.S.-backed proposal. The plan reportedly calls for a permanent ceasefire, the release of hostages, and a framework for Gaza’s post-war governance.

Netanyahu, however, has signaled caution. While praising Trump as Israel’s closest ally, he has expressed reservations about elements of the plan, particularly regarding the role of Palestinian authorities in Gaza and the prospect of a future Palestinian state.

On the ground, Israeli forces continue their offensive in Gaza City, intensifying a humanitarian crisis that has drawn condemnation from Western allies, several of whom recently recognized Palestinian statehood in defiance of Israeli objections.

The White House meeting marks Netanyahu’s fourth visit since Trump returned to office, underscoring both the urgency of the conflict and the strain on Israel’s international standing. Whether today’s talks yield a concrete path to peace—or deepen existing divides—remains uncertain.


Labels:

Comments

Post a Comment