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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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Netanyahu Pushes for Hamas Expulsion Amid UN-Backed Gaza Plan

                                             Israeli Prime Minister Benjamin Netanyahu


Israeli Prime Minister Benjamin Netanyahu has called for the expulsion of Hamas from the region, just one day after the United Nations Security Council endorsed a U.S.-backed plan aimed at stabilizing Gaza. The plan controversially offers amnesty and safe passage to Hamas members who commit to peace, a provision that Netanyahu’s latest remarks appear to reject.

Netanyahu had previously expressed support for the framework during a visit to the White House in September, but his new statements highlight a growing rift between Jerusalem and Washington over how to resolve the conflict. While the U.S. proposal envisions a transitional authority and international stabilization force to oversee Gaza’s recovery, Netanyahu insists that Hamas must be completely removed to ensure long-term security.

Diplomats note that entrenched positions on both sides have made progress difficult. Hamas has already voiced opposition to several elements of the plan, while Israel’s demand for full demilitarization and disarmament clashes with the amnesty provisions. Despite these tensions, the UN resolution has received broad international support, with most member states backing the initiative as a step toward peace.

Netanyahu’s call for expulsion underscores Israel’s hardline stance and raises questions about the feasibility of implementing the UN-backed plan. Observers suggest that the divergence between U.S. and Israeli priorities could complicate efforts to stabilize Gaza, leaving the future of the region uncertain.


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