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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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Typhoon Bualoi Leaves 19 Dead in Vietnam as Hanoi Battles Worst Flooding in Years

People watch as workers remove fallen trees and electric polls from a road after Typhoon Bualoi makes landfall in Nghe An province, Vietnam, September 29, 2025. 


Typhoon Bualoi has left at least 19 people dead and 21 missing after making landfall in northern central Vietnam, unleashing torrential rains, powerful winds, and widespread flooding across the country.

The storm, which struck late Monday, damaged more than 100,000 homes and inundated over 10,000 hectares of crops, particularly in Nghe An and Ha Tinh provinces. In Hanoi, relentless downpours turned streets into rivers, paralyzing traffic and forcing schools to close. Residents described water pouring into their homes, with some villages submerged up to roof level.

Authorities reported 88 injuries and warned of continued risks of landslides and flash floods as rainfall in some regions exceeded 300 millimeters in just 24 hours.

Bualoi had already claimed lives in the Philippines before hitting Vietnam, underscoring the growing intensity of storms in the region. With Vietnam facing up to 10 typhoons annually, officials fear more destructive weather could follow in the coming months.


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