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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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Wall Street Futures Rise as Shutdown Deadline Looms

U.S. stock futures edged higher on Monday, with investors balancing optimism in equities against the uncertainty of a looming government shutdown.

  • Dow Jones Industrial Average futures gained about 0.5%,
  • S&P 500 futures rose 0.6%,
  • Nasdaq 100 futures advanced 0.7%.

The rebound follows a choppy week in which major indexes slipped, pressured by concerns over Federal Reserve policy and slowing momentum in AI-driven stocks. Despite the turbulence, September has still delivered gains overall, with the S&P 500 up nearly 3% month-to-date.

Markets are also bracing for the release of the September jobs report, a key indicator for the Fed’s next move on interest rates. However, if lawmakers fail to reach a funding deal, a shutdown could delay the report, creating a “data blackout” that complicates decision-making for both policymakers and investors.

Beyond politics, corporate earnings remain in focus. Carnival is set to report results today, while Nike’s earnings later this week are expected to be a highlight. Meanwhile, gold surged to fresh records above $3,800 an ounce as investors sought safety, while oil prices slipped below $65 a barrel.

For now, Wall Street appears cautiously optimistic, but the week ahead could hinge on whether Washington averts a shutdown and whether economic data arrives on schedule.


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