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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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Pentagon Under Scrutiny After Video Reveals Second Strike on Shipwrecked Suspects

File photo: A US military strike on a Venezuelan drug cartel vessel that had been on its way to the United States according to President Trump.

The Pentagon is facing mounting legal and ethical questions after newly surfaced footage appeared to show U.S. forces conducting a second strike on suspected drug traffickers who had already been shipwrecked.

The video, which has circulated widely online, depicts an initial strike against a vessel allegedly carrying narcotics, followed by a subsequent attack on survivors stranded in the water. Legal experts argue that the second strike could violate international humanitarian law, which prohibits targeting individuals who are hors de combat—those incapacitated or no longer posing a threat.

Human rights advocates have called for a transparent investigation, stressing that the footage raises serious concerns about rules of engagement and accountability in U.S. military operations. The Pentagon has not yet issued a detailed statement but confirmed that the incident is under review.

The controversy underscores broader debates about the use of force in counter-narcotics missions and the balance between national security objectives and adherence to international law.


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