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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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Poilievre Stands Firm on Leadership Style Despite MP Departures

Conservative Leader Pierre Poilievre delivers his response to the federal budget in the House of Commons in Ottawa on Nov. 5.

Conservative Leader Pierre Poilievre has made it clear he will not be rethinking his leadership approach following the recent loss of two members from his caucus. One MP, Nova Scotia’s Chris d’Entremont, crossed the floor to join the Liberals, while Alberta MP Matt Jeneroux announced his resignation. The departures have sparked questions about whether Poilievre’s combative style is creating divisions within the party.

Speaking at a press conference in Calgary, Poilievre gave a blunt response when asked if the turmoil had prompted any self-reflection: “No.” He emphasized that his focus remains on affordability issues and positioning himself as the only national leader fighting for working Canadians.

Critics argue that the exits highlight growing discomfort with Poilievre’s tone, particularly after d’Entremont cited the leader’s “negative” approach to politics as a reason for leaving. Still, Poilievre doubled down, quoting past anti-Liberal remarks from d’Entremont to suggest the MP’s decision was inconsistent.

The timing of the departures is significant. With the Liberals now just two seats away from a majority in the House of Commons, the Conservative caucus faces heightened pressure to maintain unity. Political strategists note that while Poilievre’s refusal to adjust his style may appeal to supporters who value his hard-hitting rhetoric, it risks alienating moderates who prefer a more collaborative tone.

For now, Poilievre appears determined to stay the course, framing himself as a steadfast leader unwilling to bend under internal dissent. Whether this approach strengthens his image as a fighter or deepens fractures within his party remains to be seen.


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