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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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Deadly Russian Strikes Plunge Ukraine Into Winter Blackouts

                                        Kyiv neighbourhood plunged into darkness after latest Russian attacks.

A large-scale Russian air assault on Ukraine has left three people dead and triggered widespread power outages across multiple regions. The overnight attack involved waves of drones and missiles aimed at both residential areas and critical energy infrastructure, intensifying pressure on the country as winter temperatures continue to fall.

Authorities reported that strikes hit at least a dozen regions, damaging homes and forcing emergency shutdowns across parts of the national grid. Among the victims was a young child, killed when debris from a downed drone struck a residential neighborhood.

The bombardment also prompted neighboring Poland to activate military aircraft as projectiles approached its airspace, underscoring the broader regional risks posed by the conflict.

Ukrainian officials condemned the attack as a deliberate attempt to destabilize civilian life during the holiday season, while emergency crews worked through the morning to restore electricity and repair damaged infrastructure.


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