Skip to main content

Featured

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...

article

Fields of Ash: How Lebanon’s Environment Became a Casualty of Conflict

Smoke billows from Nabatieh district, following Israeli strikes, according to two Lebanese security sources, as seen from Marjayoun, in southern Lebanon.

The recent escalation along the Israel–Lebanon border has left more than shattered buildings and displaced families. Across southern Lebanon, vast orchards, forests, and wildlife habitats have been reduced to scorched earth. Farmers who once relied on citrus, olives, and avocados now face barren fields, burned groves, and contaminated soil. Entire beekeeping operations have collapsed, taking with them a crucial part of the region’s agricultural economy.

Environmental damage has extended far beyond farmland. Fires triggered by munitions have consumed woodlands and grasslands, destroying ecosystems that took decades to mature. Wildlife has been driven from its natural habitats, and unexploded ordnance now threatens both people and animals. These long‑term hazards complicate recovery and make large areas unsafe for cultivation or grazing.

The scale and nature of the destruction raise difficult questions under international law. Modern legal frameworks increasingly recognize the environment as a protected entity during armed conflict. When military actions cause widespread, long‑lasting, or severe ecological harm, they may violate these emerging norms. Lebanon’s experience has intensified global discussions about whether such acts should be considered environmental crimes.

Rebuilding will require years of work and significant resources. Restoring soil health, replanting orchards, clearing unexploded munitions, and rehabilitating damaged ecosystems are all monumental tasks. Yet the environmental toll also serves as a stark reminder: when war targets the land itself, the consequences endure long after the fighting stops.


Comments