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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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Trump Declares 100% Tariff on Foreign-Made Films, Sparking Industry Uncertainty

 

                                           The Hollywood sign is seen in Hollywood.


U.S. President Donald Trump announced that his administration will impose a 100% tariff on all movies produced outside the United States, a move that has sent shockwaves through Hollywood and the global film industry.

Posting on his Truth Social account, Trump argued that America’s film business has been “stolen” by foreign countries offering lucrative tax incentives to lure productions abroad. He singled out California as being “particularly hard hit,” despite the state’s own incentive programs aimed at keeping productions local.

Industry experts warn that such a tariff could be nearly impossible to enforce, given the complex, international nature of modern filmmaking. Many U.S. blockbusters are partially shot overseas, raising questions about whether they would also be subject to the levy.

Critics say the policy could backfire, driving up costs for American studios and potentially triggering retaliatory tariffs from other countries. With international markets accounting for more than 70% of Hollywood’s box office revenue, the measure could disrupt a business model that heavily relies on global audiences.

While Trump has not specified when or how the tariffs would take effect, the announcement underscores his broader protectionist trade agenda. For now, the film industry is bracing for what could be one of the most disruptive policies in its history.


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