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5 Things to Know Today: BoC Hike Odds Near 80%, Oil Tops US$100, Loonie Hits 5-Week High

  Canadian Money Brief  |  Saturday, October 24, 2026 The Bank of Canada is expected to raise rates on Wednesday, oil is back above US$100 and stocks slipped on AI worries. Here are the five things to know this Saturday, and what each one means for your wallet. 1 The Bank of Canada is widely expected to hike on Wednesday Markets are putting roughly an 80% chance on a quarter-point increase at the Bank of Canada’s Oct. 28 decision, which would lift the policy rate from 2.25% to 2.50%. A majority of economists polled by Reuters also expect a second hike by the end of March. The shift followed hawkish comments from Governor Tiff Macklem about a higher inflation outlook driven by oil. What it means for you Every 0.25-point increase adds about $250 a year (roughly $21 a month) for each $100,000 of prime-linked debt, such as a variable-rate mortgage or HELOC. Fixed-rate holders are not hit directly, but renewals are being priced off higher bond yields. Savers may see HISA and...
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Northern Pressure: Trump’s Renewed Focus on Canada’s Strategic Weak Spots

 

                                            Trump urges Canada to boost defence spending.


Donald Trump has recently shifted his attention toward Canada, emphasizing what he views as the country’s growing vulnerability in the Arctic. His concerns revolve around the rapid geopolitical changes unfolding in the far north, where melting ice and emerging shipping routes have intensified global competition.

Trump has questioned whether Canada is adequately prepared to defend its northern territories, especially as major powers increase their presence in the region. His administration has signaled interest in strengthening security cooperation with Ottawa, though discussions remain at an early stage.

Some observers see this focus as part of a broader effort to push allies to invest more heavily in defense. Others interpret it as a response to the Arctic’s rising economic and strategic importance.

What’s certain is that Trump’s renewed attention has sparked debate on both sides of the border about sovereignty, preparedness, and the future of North American collaboration in one of the world’s most rapidly changing regions.


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