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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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Wall Street Futures Slide Amid AI Bubble Concerns

 

US stock futures retreated on Tuesday as mounting fears of an AI-driven market bubble weighed heavily on investor sentiment. The Dow Jones Industrial Average futures fell 0.7%, marking the worst three-day run for the blue-chip index since April. The Nasdaq 100 slipped 0.8%, while the S&P 500 dropped 0.6%, extending losses from a bruising session earlier this week.

The pullback comes ahead of a pivotal Nvidia earnings report, which investors see as a litmus test for the sustainability of the AI boom. Concerns about inflated valuations in the sector have grown, particularly as chipmakers and tech giants face scrutiny over their aggressive expansion into AI infrastructure.

Adding to the turbulence, Bitcoin briefly dipped below $90,000, erasing all of its gains for the year and deepening a global sell-off in cryptocurrencies. The decline rattled Asian markets, with Japanese stocks suffering their steepest loss since April. Meanwhile, 10-year Treasury yields fell, reflecting a flight to safety amid the risk-off mood.

Investors are also bracing for shutdown-delayed US jobs data and other key economic indicators later this week, which could provide fresh insight into the health of the economy and the Federal Reserve’s policy path. With AI valuations under pressure and broader economic uncertainty looming, markets appear increasingly fragile.

In short, Wall Street is entering a critical week where AI optimism collides with valuation fears, and the outcome of Nvidia’s earnings could set the tone for the next leg of the market’s trajectory.


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