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5 Things to Know Today: BoC Hike Odds, Fixed Rates, Tariff Swap, $100 Oil & Budget Countdown (Oct. 25)

  Canadian Money Brief • Sunday, October 25, 2026 A big week for your wallet starts Wednesday. Here are the five things Canadians should know before it begins. 1 The Bank of Canada decides Wednesday, and markets lean toward a hike The Bank of Canada announces its rate decision at 9:45 a.m. ET on Wednesday, Oct. 28, alongside a new Monetary Policy Report. Prediction markets price roughly a 79% chance of a quarter-point hike to 2.50%, up sharply after Governor Tiff Macklem’s hawkish comments at the IMF meetings, though analysts remain split and some expect a “hawkish hold.” The U.S. Fed also decides that day. What it means for you: Variable-rate mortgage and HELOC holders feel it first. A 0.25-point hike works out to roughly $70 more per month on a $500,000 variable mortgage (25-year amortization), and prime would move from 4.45% to 4.70%. A hold means little change until the next decision on Dec. 9. 2 Fixed mortgage rates have already moved without the Bank Fixed rates follow bond ...
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Iran Urges Halt to U.S.-Israeli Actions as Key to Ending Conflict

                                            Iranian President Masoud Pezeshkian

Iranian President Masoud Pezeshkian has called for an “immediate cessation” of what he describes as U.S.-Israeli aggression, saying it is the essential first step toward ending the ongoing war and preventing further regional escalation. 

Speaking by phone with Indian Prime Minister Narendra Modi, Pezeshkian emphasized that guarantees must be put in place to prevent future attacks and ensure long‑term stability. He also urged the BRICS bloc of emerging economies to take on a more independent and active role in addressing the crisis. 

According to Iran’s embassy in India, the president stressed that without a halt to current military actions, diplomatic progress would remain impossible. His remarks come amid heightened tensions and growing international concern over the widening conflict. 


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