Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Diplomatic Push Intensifies as U.S. Envoy Heads to Moscow, Zelenskyy Rallies Europe

 

Special Envoy Steve Witkoff attends a meeting with Ukrainian officials Sunday, Nov. 30, 2025, in Hallandale Beach, Fla.


Efforts to find a path toward peace in the ongoing war in Ukraine are gaining momentum this week, as U.S. envoy Mark Witkoff prepares for talks with Russian President Vladimir Putin in Moscow. The meeting comes at a critical juncture, with international pressure mounting to ease tensions and explore potential avenues for negotiation.

Meanwhile, Ukrainian President Volodymyr Zelenskyy is touring European capitals to strengthen alliances and secure continued support for Kyiv. His trip underscores Ukraine’s determination to keep Western nations engaged as the conflict grinds on.

The parallel diplomatic tracks highlight the complexity of the situation: while Washington seeks dialogue with Moscow, Kyiv is focused on reinforcing its partnerships across Europe. Observers note that the simultaneous efforts reflect both urgency and uncertainty, as the war shows little sign of resolution but global leaders intensify their search for common ground.


Labels:

Comments

Post a Comment