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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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Pope Shows Respect at Istanbul’s Blue Mosque Without Prayer

                        Pope Leo XIV visited the Sultan Ahmed Mosque, also known as the “Blue Mosque.”

During a visit to Istanbul’s iconic Blue Mosque, the Pope demonstrated reverence by removing his shoes before entering the sacred site. While he observed the grandeur and history of the mosque, he chose not to engage in prayer during his time inside.

The gesture of removing shoes is a traditional sign of respect in Islamic places of worship, underscoring the Pope’s commitment to interfaith dialogue and cultural sensitivity. His quiet presence highlighted the importance of mutual respect between religious traditions, even without shared rituals.

The visit was seen as a symbolic moment, emphasizing the value of coexistence and understanding across faiths.


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