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5 Things to Know Today: BoC Hike Odds, Fixed Rates, Tariff Swap, $100 Oil & Budget Countdown (Oct. 25)

  Canadian Money Brief • Sunday, October 25, 2026 A big week for your wallet starts Wednesday. Here are the five things Canadians should know before it begins. 1 The Bank of Canada decides Wednesday, and markets lean toward a hike The Bank of Canada announces its rate decision at 9:45 a.m. ET on Wednesday, Oct. 28, alongside a new Monetary Policy Report. Prediction markets price roughly a 79% chance of a quarter-point hike to 2.50%, up sharply after Governor Tiff Macklem’s hawkish comments at the IMF meetings, though analysts remain split and some expect a “hawkish hold.” The U.S. Fed also decides that day. What it means for you: Variable-rate mortgage and HELOC holders feel it first. A 0.25-point hike works out to roughly $70 more per month on a $500,000 variable mortgage (25-year amortization), and prime would move from 4.45% to 4.70%. A hold means little change until the next decision on Dec. 9. 2 Fixed mortgage rates have already moved without the Bank Fixed rates follow bond ...
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Hope Amid Ruins: Gazans Return as Ceasefire Brings Fragile Calm

            Palestinians return to their neighborhood, following Israeli forces' withdrawal from the area.

Thousands of Palestinians made their way back to northern Gaza this weekend, walking, driving, or riding carts along the coastal road, as a U.S.-brokered ceasefire between Israel and Hamas appeared to hold. The truce, which began Friday, prompted Israeli forces to pull back from major urban centers while still maintaining control over parts of the enclave.

For many families, the return was bittersweet. They were relieved to step back onto their land but confronted with the devastation of homes reduced to rubble after months of war. “It is an indescribable feeling; praise be to God,” said one woman traveling with her injured daughter, expressing both gratitude for the pause in fighting and sorrow for the suffering endured.

The ceasefire agreement also set in motion a delicate exchange: Hamas has 72 hours to release hostages, while Israel is expected to free hundreds of Palestinian detainees. Meanwhile, aid convoys are preparing to deliver food, medicine, and other essentials to the battered territory.

Though uncertainty looms over how long the calm will last, the sight of families streaming northward reflects a collective yearning for stability, dignity, and the chance to rebuild shattered lives.


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