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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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Deadly Blast Strikes Islamabad Court Complex

Members of the forensic team work after a blast outside a court building in Islamabad, Pakistan, November 11, 2025.

A suicide bomber detonated explosives outside a court in Pakistan’s capital, Islamabad, killing at least 12 people and injuring dozens more. The attack occurred during peak hours as lawyers, police officers, and civilians were gathered near the judicial complex.

Authorities quickly cordoned off the area, and emergency services rushed the wounded to nearby hospitals. Security officials stated that the bomber targeted the entrance of the court, aiming to cause maximum casualties.

No group immediately claimed responsibility for the attack, but Islamabad has faced repeated assaults from militant organizations in recent years. The government condemned the bombing, vowing to strengthen security measures around sensitive institutions and pursue those behind the violence.

The incident underscores ongoing challenges to Pakistan’s internal security and highlights the vulnerability of public spaces in the capital.


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