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5 Things to Know Today: BoC Hike Odds, Fixed Rates, Tariff Swap, $100 Oil & Budget Countdown (Oct. 25)

  Canadian Money Brief • Sunday, October 25, 2026 A big week for your wallet starts Wednesday. Here are the five things Canadians should know before it begins. 1 The Bank of Canada decides Wednesday, and markets lean toward a hike The Bank of Canada announces its rate decision at 9:45 a.m. ET on Wednesday, Oct. 28, alongside a new Monetary Policy Report. Prediction markets price roughly a 79% chance of a quarter-point hike to 2.50%, up sharply after Governor Tiff Macklem’s hawkish comments at the IMF meetings, though analysts remain split and some expect a “hawkish hold.” The U.S. Fed also decides that day. What it means for you: Variable-rate mortgage and HELOC holders feel it first. A 0.25-point hike works out to roughly $70 more per month on a $500,000 variable mortgage (25-year amortization), and prime would move from 4.45% to 4.70%. A hold means little change until the next decision on Dec. 9. 2 Fixed mortgage rates have already moved without the Bank Fixed rates follow bond ...

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A Legal Showdown: Maduro’s Immunity Bid Challenges U.S. Authority

Maduro, who pleaded not guilty to narco-terrorism and cocaine charges claimed that he remained the president of Venezuela.

Venezuelan leader Nicolás Maduro has set off a rare legal confrontation in the United States by asserting that he cannot be prosecuted because he is a sitting head of state. His appearance in a New York courtroom, where he pleaded not guilty to charges including narco‑terrorism and drug trafficking, has opened a debate over the reach of U.S. criminal law and the boundaries of international immunity.

Maduro’s argument rests on his claim to be Venezuela’s legitimate president, a status that would typically grant him protection from prosecution under international norms. U.S. authorities, however, have refused to recognize his presidency for years, instead backing opposition figure Juan Guaidó. Prosecutors maintain that because the U.S. does not acknowledge Maduro as Venezuela’s lawful leader, he cannot invoke head‑of‑state immunity.

His legal team has also challenged the circumstances of his capture, describing it as an unlawful seizure. Historically, though, U.S. courts have allowed prosecutions to proceed regardless of how a defendant was brought into custody, suggesting this line of defense may face an uphill battle.

The case now stands as a test of how far the United States can go in pursuing foreign leaders accused of criminal activity. Its outcome could shape future interpretations of sovereignty, legitimacy, and the limits of American jurisdiction.


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