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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...
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Israeli Strikes Target Hezbollah Strongholds Amid Rising Border Tensions

 

Smoke billows from the site of an Israeli airstrike that targeted the southern Lebanese village of al-Mjadel on December 4, 2025.


The Israeli military announced on Tuesday that it carried out a series of airstrikes against Hezbollah positions in southern Lebanon, escalating tensions along the volatile border. According to the Israel Defense Forces (IDF), the operation targeted a training compound used by Hezbollah’s elite Radwan Force, military structures, and a rocket launch site. The IDF described the strikes as necessary to neutralize threats that violated ceasefire agreements between the two countries.

Lebanese state media reported that the raids damaged homes in several villages, including Jbaa and al-Mjadel, sparking accusations from Beirut that Israel was intensifying hostilities and undermining fragile peace efforts. The strikes came less than a week after Israel and Lebanon sent envoys to a military committee tasked with monitoring the ceasefire, part of a U.S.-brokered initiative aimed at reducing cross-border violence.

Israel has accused Hezbollah of stockpiling weapons and reinforcing infrastructure in demilitarized zones, actions it says breach the terms of the 2024 ceasefire agreement. Lebanese officials, however, condemned the attacks as violations of sovereignty and warned of further instability if the strikes continue.

The latest escalation underscores the precarious balance along the Israel-Lebanon frontier. While both sides have publicly committed to de-escalation, repeated clashes highlight the fragility of the ceasefire and the risk of renewed conflict. With Washington pressing Beirut to disarm Hezbollah and Israel vowing to act against any perceived threat, the border remains a flashpoint in the wider regional struggle.

In summary: Israel’s strikes on Hezbollah sites mark a sharp escalation, raising fears of renewed conflict despite ongoing ceasefire talks.

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