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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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Tragedy on Yom Kippur: Deadly Attack Outside Manchester Synagogue

Emergency personnel work at the scene, after an attack in which a car was driven at pedestrians and stabbings were reported near a synagogue in north Manchester.

Two people were killed and several others seriously injured in a violent attack outside the Heaton Park Hebrew Congregation Synagogue in Crumpsall, Manchester, on Thursday morning. The incident occurred during Yom Kippur, the holiest day in the Jewish calendar, intensifying the shock and grief felt across the community.

According to Greater Manchester Police, a man drove a vehicle into a crowd before launching a stabbing assault. Armed officers responded swiftly, shooting the suspect, who is believed to have died, although his death remains unconfirmed due to suspicious items found on his person. A bomb disposal unit was deployed to the scene as a precaution.

Five individuals were injured, with three in critical condition. The attack has been declared a major incident under the UK's PLATO protocol, indicating a suspected marauding terrorist attack.

Prime Minister Keir Starmer, who was attending a summit in Copenhagen, announced his immediate return to the UK to chair an emergency COBRA meeting. He condemned the attack, stating, “The fact that this has taken place on Yom Kippur makes it all the more horrific”.

Security has been heightened at synagogues across the country, with additional police deployments aimed at reassuring Jewish communities. London Mayor Sadiq Khan and King Charles III also expressed their condolences and support for those affected.

Authorities continue to investigate the motive and circumstances surrounding the attack, urging the public to avoid the area and share any relevant footage directly with police.

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