Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Escalation Follows Summit Delay: Russia and Ukraine Trade Overnight Strikes

Russia and Ukraine exchanged heavy overnight missile attacks just hours after the White House confirmed that a planned summit between U.S. President Donald Trump and Russian President Vladimir Putin would not take place in the immediate future.

Ukrainian officials reported that Russian strikes killed six people, including two children, in Kyiv and surrounding areas, while also triggering widespread power outages across the country. In response, Ukraine’s military said it launched Franco-British Storm Shadow missiles at a chemical plant in Russia’s Bryansk region, escalating the cross-border confrontation.

The surge in violence came as diplomatic efforts faltered. Trump and Putin had previously agreed to meet in Hungary, but Washington later announced there were “no imminent plans” for such talks. Trump described the idea of a summit as potentially a “waste of time” amid Moscow’s refusal to consider a ceasefire

The renewed strikes underscore the fragile state of diplomacy and highlight how quickly battlefield dynamics can shift when negotiations stall.


Labels:

Comments

Post a Comment