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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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Greece Accelerates Debt Reduction with €5.3 Billion Early Repayment

 

The Greek economy is gradually rebounding from a 2009-2018 crisis that saw it nearly drop out of the euro zone and that triggered years of social unrest.

Greece has taken a significant step toward strengthening its financial stability by repaying €5.3 billion in bailout debt ahead of schedule. The debt, originally due after 2031, was part of the country’s first bailout package in 2010 from eurozone partners. According to government officials, this early repayment will save Greece €1.6 billion in interest payments by 2041 and help reduce its debt-to-GDP ratio to below 120% by 2029.

The repayment was made through the European Commission to each eurozone country involved in the bailout. This move highlights Greece’s steady recovery from the 2009–2018 debt crisis, which nearly forced the nation out of the eurozone and triggered years of austerity measures, wage cuts, and social unrest.

While Greece still holds the highest debt-to-GDP ratio in the euro area, the early repayment demonstrates improved fiscal credibility and signals confidence in the country’s economic trajectory. Analysts note that this action not only reduces future financial burdens but also strengthens Greece’s reputation among European partners.

This milestone reflects a broader effort by Athens to rebuild trust and stability after a decade of economic hardship. By accelerating debt reduction, Greece is positioning itself for stronger growth and greater resilience in the years ahead.


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