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5 Things to Know Today: BoC Hike Bets, TSX Slide, Oil Near $100 (Oct. 23)

  Canadian Money Brief • Friday, October 23, 2026 The Bank of Canada decision is five days away, the TSX gave back most of Wednesday's gains, and oil is flirting with US$100 again. Here are the five things Canadian wallets need to know today. 1. Markets Lean Toward a Bank of Canada Hike on Oct. 28 A decision that looked like a ninth straight hold is now a genuine coin flip with a hawkish tilt. After Governor Tiff Macklem warned that there is "no resolution in sight" for the Middle East conflict, BMO and Desjardins flipped to a hike call, Scotiabank firmed up its call and Goldman Sachs joined them, all looking for a quarter-point move to 2.50%. Overnight swaps priced about an 87% chance of a hike earlier this week, though other economists still argue for a hold, pointing to September's 68,000 job losses and a 6.5% unemployment rate. What it means for you: A quarter-point hike adds roughly $21 a month in interest for every $100,000 of variable-rate borrowing (HELOCs an...
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Zelenskiy Signals Potential Deployment of Thousands Under Postwar Security Plan

 

Ukraine's President Volodymyr Zelenskiy and European Council President Antonio Costa attend a joint meeting, amid Russia's attack on Ukraine, in Uzhhorod


Ukrainian President Volodymyr Zelenskiy has said that thousands of foreign troops could be stationed in Ukraine as part of postwar security guarantees proposed by Kyiv’s allies. Speaking in Uzhhorod after meeting European Council President Antonio Costa, Zelenskiy stressed that discussions with partner nations were ongoing, but the scale of the potential deployment would be “in the thousands, not just a few.”

The proposal follows French President Emmanuel Macron’s announcement that 26 countries have pledged to provide security guarantees once Russia’s war ends, potentially involving an international force on land, sea, and in the air. While some nations may send troops, others could contribute by training and equipping Ukrainian forces from outside the country.

Russian President Vladimir Putin has warned that any Western troops deployed to Ukraine would be considered legitimate targets. Despite this, Kyiv views such guarantees as essential to deterring future aggression and securing its recovery, alongside its push for European Union membership.

The talks come amid broader diplomatic efforts, with Ukraine also urging allies to halt purchases of Russian oil to cut off funding for Moscow’s war machine.


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