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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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Vietnam on High Alert as Typhoon Bualoi Forces Mass Evacuations and Airport Closures

 

A woman wearing a raincoat collects a plastic bag near a beach as Typhoon Bualoi nears, in Nghe An province, Vietnam, September 28, 2025.


Vietnam has evacuated tens of thousands of residents and suspended operations at four coastal airports as Typhoon Bualoi barrels toward its central provinces. The storm, packing winds of up to 133 km/h (83 mph), is moving at nearly twice the speed of an average typhoon, raising fears of widespread flooding, landslides, and storm surges.

Authorities in Ha Tinh province have relocated more than 15,000 people, while Da Nang and Hue are preparing to move over 240,000 residents to safer ground. Schools in affected areas have been closed, and fishing vessels ordered back to shore.

Heavy rains have already triggered flooding in Hue and Quang Tri, while strong winds have damaged homes and disrupted power lines. The Civil Aviation Authority confirmed that Da Nang International Airport and three others have been shut down, with flights rescheduled.

The storm comes just days after Typhoon Bualoi left dozens dead in the Philippines, underscoring the region’s vulnerability to increasingly severe tropical cyclones. With forecasts warning of up to 600 mm of rainfall in some provinces, Vietnam’s disaster response teams remain on high alert to prevent further casualties and damage.


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