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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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Faith Meets Film: Pope Francis Welcomes Hollywood Stars to Vatican

 

                    Spike Lee gave the pontiff a New York Knicks basketball shirt emblazoned with 'Pope Leo 14'.


Pope Francis recently hosted a gathering of Hollywood stars at the Vatican, underscoring the cultural power of cinema while lamenting the decline of traditional movie-going. The event brought together actors, directors, and producers in a dialogue about the role of storytelling in shaping values and inspiring hope.

The Pope praised film as a medium that can bridge divides and foster empathy, but expressed concern that fewer people are experiencing movies in theaters, where the communal aspect of watching together strengthens human connection. He encouraged filmmakers to continue creating works that uplift the human spirit and resist the trend toward isolation in entertainment consumption.

The Vatican’s embrace of Hollywood highlights the Church’s recognition of art as a vital force in modern society, capable of sparking reflection and dialogue across cultures.


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