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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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Unlocking Credit Card Mastery: Insider Secrets for Maximum Rewards


Credit cards aren’t just about convenience—they can be powerful financial tools when used strategically. Super users, those who maximize every perk, know the secrets to turning everyday spending into meaningful rewards.

Key Strategies from Super Users

  • Stack Rewards: Pair cards with complementary benefits—like one for groceries and another for travel—to maximize cash back.
  • Leverage Sign-Up Bonuses: Many cards offer lucrative welcome bonuses that can be worth hundreds of dollars in points or cash.
  • Optimize Categories: Track rotating or boosted categories (e.g., dining, gas, streaming services) to ensure you’re swiping the right card at the right time.
  • Redeem Smartly: Points often have greater value when redeemed for travel or experiences rather than simple statement credits.
  • Stay Fee-Savvy: Annual fees can be worthwhile if the rewards outweigh the cost, but super users always calculate the trade-off.

The Takeaway

Credit card mastery isn’t about spending more—it’s about spending smarter. By carefully choosing cards, tracking categories, and redeeming rewards strategically, everyday purchases can translate into free flights, luxury perks, or serious cash back.


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