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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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Fifteen Lives Lost in Tragic Boat Collision Off Chios

Greek emergency personnel wait to transfer bodies of dead migrants, following migrant’s boat collision with coast guard off the island of Chios, in the port of Chios, Greece, February 3, 2026.

A deadly maritime collision near the Greek island of Chios has left fifteen migrants dead and prompted urgent questions about how the incident unfolded. According to early reports, a migrant vessel carrying dozens of people struck a Hellenic Coast Guard patrol boat during the night, causing the smaller craft to overturn.

Rescue teams recovered multiple bodies from the water while continuing to search the surrounding area for any additional survivors. Twenty‑five people were pulled from the sea alive, several of whom were transported to local hospitals for treatment.

Authorities have opened an investigation to determine the sequence of events leading up to the crash, including the movements of both vessels and the conditions at the time. The tragedy adds to the growing concerns over the dangers faced by migrants attempting to cross the Aegean Sea.


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