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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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USS Gerald R. Ford Heads to South America as U.S. Expands Military Footprint

The USS Gerald Ford, which was commissioned in 2017, is the United States' newest aircraft carrier and the world's largest, with more than 5,000 sailors aboard.

The United States has announced a major escalation of its military presence in South America with the deployment of the USS Gerald R. Ford, the world’s largest aircraft carrier. The move, ordered by President Donald Trump’s administration, marks one of Washington’s most assertive shows of force in the region in decades.

The Gerald R. Ford, commissioned in 2017, carries more than 5,000 sailors and up to 90 aircraft. It will join an already formidable U.S. presence in the Caribbean, which includes eight warships, a nuclear submarine, and F-35 fighter jets.

Pentagon officials say the buildup is aimed at disrupting drug trafficking networks and bolstering security across the Western Hemisphere. In recent weeks, U.S. forces have conducted multiple airstrikes against boats allegedly linked to criminal organizations, drawing both regional concern and questions about the legality of such operations.

The deployment comes amid heightened tensions with Venezuela, whose government Washington accuses of harboring traffickers and undermining democratic institutions. Analysts warn that the arrival of the Gerald R. Ford could further inflame regional unease, while U.S. officials insist the mission is focused on safeguarding stability and protecting American interests.


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