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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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Your daily horoscope: January 29, 2026

 

IF TODAY IS YOUR BIRTHDAY

A Mercury-Venus union on your birthday means your head and your heart will be working in perfect harmony over the coming year. Whenever you get an idea let your gut instinct guide you. Deep down you already know most of the answers.

ARIES (March 21 - April 20):

Try not to push yourself quite so hard. Cosmic activity in the friendship area of your chart means you can call on colleagues and loved ones to help you get through the day. Why bust a gut trying to solve problems so few people care about?

TAURUS (April 21 - May 21):

You may be inclined to say what you think other people want to hear today but that could be a serious error. If you cannot be bothered to point out the truth to them you could feel terrible about it if they make a painful mistake later on.

GEMINI (May 22 - June 21):

If you go out of your way to be nice to people they will be nice to you in return. That is a simple but central rule of the universe and if you have not yet learned that rule then you need to get your head around it quickly.

CANCER (June 22 - July 23):

There is always an answer no matter how tough the question may be and if you keep digging at a problem of some kind today you will discover the truth in the end. Prepare yourself mentally for it not being the truth you were expecting.

LEO (July 24 - Aug. 23):

You don’t have to exert yourself every minute of the day to reach the top, you just have to be honest about who you are while putting yourself in places where you are most likely to be seen. The powers that be know what a winner looks like.

VIRGO (Aug. 24 - Sept. 23):

Sometimes you can be a bit naïve and what happens today will force you to confront the fact that you have been far too generous of late. If you come up with the germ of a profitable idea be smart and keep it to yourself for now.

LIBRA (Sept. 24 - Oct. 23):

Ignore those who say that what you are proposing to do is a recipe for disaster and get on with it. Well before the day is over it will be clear to everyone, including the critics, that you are on the fast track to considerable success.

SCORPIO (Oct. 24 - Nov. 22):

Mostly in life the right things happen at just the right time and even when they do not the universe has a way of nudging the game back in a more positive direction. Keep that thought in mind if you stray a bit off track today.

SAGITTARIUS (Nov. 23 - Dec. 21):

You may not care much for material things but you still need to keep an eye on how much cash comes in and goes out. The planets warn if you have been living beyond your means it won’t be long before the day of reckoning arrives.

CAPRICORN (Dec. 22 - Jan. 20):

Today’s Mercury-Venus link is an excellent omen for money matters and there is a real possibility that you will benefit from an investment of some kind. The longer back you made that investment the bigger the payoff is likely to be.

AQUARIUS (Jan. 21 - Feb. 19):

Everything seems to be making sense at last and because you can see what is going on you won’t be as fearful as you were before. A little knowledge may be a dangerous thing but serious knowledge is worth its weight in gold.

PISCES (Feb. 20 - Mar. 20):

You need to junk outdated methods and routines and move up to the next level. With new breakthroughs and discoveries arriving every day you cannot afford to sit still while your rivals are profiting because they are more willing to experiment.

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