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5 Things to Know Today: BoC Hike Odds Near 80%, Oil Tops US$100, Loonie Hits 5-Week High

  Canadian Money Brief  |  Saturday, October 24, 2026 The Bank of Canada is expected to raise rates on Wednesday, oil is back above US$100 and stocks slipped on AI worries. Here are the five things to know this Saturday, and what each one means for your wallet. 1 The Bank of Canada is widely expected to hike on Wednesday Markets are putting roughly an 80% chance on a quarter-point increase at the Bank of Canada’s Oct. 28 decision, which would lift the policy rate from 2.25% to 2.50%. A majority of economists polled by Reuters also expect a second hike by the end of March. The shift followed hawkish comments from Governor Tiff Macklem about a higher inflation outlook driven by oil. What it means for you Every 0.25-point increase adds about $250 a year (roughly $21 a month) for each $100,000 of prime-linked debt, such as a variable-rate mortgage or HELOC. Fixed-rate holders are not hit directly, but renewals are being priced off higher bond yields. Savers may see HISA and...

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White House Examined Reports of Israeli Troops Using Palestinians as Human Shields

 

Israeli soldiers walk out from a tunnel underneath the European Hospital in Khan Younis at the Gaza Strip, amid the ongoing ground operation of the Israeli army against Palestinian Islamist group Hamas, June 8, 2025.


The White House quietly reviewed intelligence last year suggesting that Israeli forces may have used Palestinians as human shields during operations in Gaza. According to two former U.S. officials, American intelligence agencies gathered evidence that Israeli soldiers sent Palestinian civilians into tunnels suspected of being rigged with explosives. This information was shared with the Biden administration in its final weeks and analyzed by the intelligence community.

International law strictly prohibits the use of civilians as protective shields in military activity. Reports of such tactics have long circulated, but Washington’s collection of its own evidence marked a significant development. Officials inside the administration had already expressed concern over media accounts alleging that Israeli troops were employing Palestinians to safeguard themselves during combat.

The revelations raise questions about the extent of these practices and whether they were sanctioned at higher levels of Israel’s military leadership. While Israel has faced repeated accusations of violating international law in this regard, the disclosure that U.S. intelligence independently documented such discussions underscores the gravity of the issue.

The matter remains politically sensitive, as it touches on both U.S.-Israel relations and broader debates over accountability in the ongoing conflict. Human rights groups have consistently condemned the use of civilians in combat zones, warning that such actions not only endanger lives but also erode international norms meant to protect non-combatants.


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