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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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Eurovision Faces Turmoil as Nations Withdraw Over Israel’s Participation

 


The Eurovision Song Contest has been thrown into controversy after organizers confirmed that Israel will remain in the competition despite mounting calls for its exclusion. The decision, announced late Thursday, prompted immediate backlash from several countries, with Spain, Ireland, and others declaring they will withdraw in protest.

Critics argue that Israel’s inclusion undermines the contest’s spirit of unity and cultural exchange, while supporters insist that Eurovision should remain apolitical and open to all member nations. The withdrawals mark one of the most significant collective protests in the contest’s recent history, raising questions about how the event can balance artistic celebration with political sensitivities.

With tensions running high, the upcoming edition of Eurovision is set to be one of the most divisive in decades, as the absence of key countries reshapes the competition’s landscape and sparks debate across Europe.

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