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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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Machado Vows Return as Venezuela Faces Pivotal Political Moment

 

A person holds up an image depicting Venezuelan opposition leader Maria Corina Machado, as people celebrate after the U.S. struck Venezuela and captured its President Nicolas Maduro and his wife Cilia Flores, in Santiago, Chile January 3, 2026.


Venezuelan opposition figure María Corina Machado has declared that she plans to return to Venezuela soon, signaling her intention to push for a competitive national election amid a rapidly shifting political landscape. Her remarks follow the dramatic removal of Nicolás Maduro from power and the emergence of a transitional phase that has left the country’s political future uncertain.

Machado, who spent more than a year in hiding and previously fled the country to accept an international peace award, emphasized that her movement is prepared to participate in a free and transparent electoral process. She argued that the opposition had already demonstrated its strength even under restrictive conditions and would win decisively in an open contest.

Despite being wanted by Venezuelan authorities, Machado said her priority is to return and help guide the country through what she described as a historic opportunity for democratic renewal. Her comments come as international actors debate how to engage with Venezuela’s interim leadership and what role the opposition should play in shaping the next phase of governance.

Machado’s pledge to return injects new urgency into Venezuela’s political transition, raising questions about unity within the opposition and the timeline for a potential national vote.


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