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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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Federal Dental Insurance Plan Details Unveiled: What You Need to Know

 

 The CDCP is a federal plan that offers dental care benefits to uninsured Canadians with a household income under $90,000. Canadians must meet certain criteria, such as not having access to dental insurance, filing a tax return, and having out-of-pocket expenses for dental care. 

The plan covers various dental services, such as cleaning, fillings, root canal treatments, and dentures. The plan will reimburse a percentage of dental procedures, but some people may have a co-payment depending on their income level.

The plan is expected to start rolling out by the end of 2023, with the first claims processed in May 2024. The plan will be administered by Sun Life, which has been awarded an Early Work Agreement by the federal government.


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