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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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Ceasefire Talks in Gaza Reach Pivotal Stage

 

Mourners pray as they attend the funeral of Palestinians who, according to medics, were killed in an Israeli strike this week, at Al-Shifa Hospital in Gaza City.


Negotiations aimed at halting the ongoing conflict in Gaza have entered a critical juncture, with mediators warning that a full ceasefire agreement has yet to be finalized. Diplomatic sources indicate that while progress has been made in bridging differences between the parties, key issues remain unresolved, leaving the situation fragile and uncertain.

International mediators, including representatives from regional powers and global organizations, continue to press for an immediate cessation of hostilities to allow humanitarian aid into the besieged territory. However, disagreements over security guarantees and the sequencing of steps toward a lasting truce have slowed the process.

Observers stress that the coming days will be decisive. Without a breakthrough, the risk of renewed escalation remains high, threatening both regional stability and the lives of civilians caught in the crossfire.


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