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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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Biden and Trump Debate: Age and Fitness in the Spotlight

 

In a highly anticipated first debate, President Joe Biden and former President Donald Trump sparred over key issues, with age and fitness emerging as focal points of the discourse. The debate, marked by sharp exchanges and intense scrutiny, provided a platform for both candidates to address concerns about their physical and mental capacities to lead the nation.

President Biden, at 81, faced questions regarding his stamina and ability to handle the rigors of the presidency. He countered these concerns by highlighting his recent legislative achievements and robust campaign schedule, aiming to demonstrate his vitality and readiness for another term. "My record speaks for itself," Biden asserted, emphasizing his experience and accomplishments in office.

Former President Trump, aged 78, also faced scrutiny regarding his fitness. Known for his energetic campaign style, Trump sought to project an image of vigor and resilience. He pointed to his swift recovery from COVID-19 and his continued active engagement in political and social events as evidence of his health and capacity to serve.

The debate delved into various policy issues, but the candidates' ages and fitness levels remained a persistent undercurrent. Both candidates aimed to reassure voters of their ability to lead effectively despite their advanced years. The evening underscored the increasing relevance of health and fitness in political leadership, particularly as the nation grapples with significant challenges both domestically and globally.

As the campaign progresses, the focus on age and fitness is likely to continue, with voters keenly evaluating the candidates' capabilities to manage the demands of the presidency. The debate has set the stage for a rigorous campaign season, with both Biden and Trump striving to prove their readiness to govern in these pivotal times.

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