Skip to main content

Featured

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 ...
Post a Comment
Read more

article

Labels

Israeli Strikes in Gaza Escalate Amid Ceasefire Talks

 

In a tragic escalation of violence, Israeli strikes in the central Gaza Strip resulted in the deaths of 24 people, including women and children. Hospital records confirm this devastating toll, underscoring the ongoing conflict between Israel and Hamas. The strikes occurred overnight into Tuesday, targeting residential homes.

Despite the hostilities, international mediators are actively working to broker a ceasefire deal. Their efforts aim to halt the destructive fighting and secure the release of approximately 120 hostages held by Hamas in Gaza.

As clouds of smoke from Israeli strikes rise above the city, the situation remains tense. The war, sparked by Hamas’ attack in October, has already claimed over 38,600 lives, exacerbating the humanitarian crisis in the coastal Palestinian territory.

The world watches anxiously as negotiations continue, hoping for a breakthrough that will bring an end to this devastating conflict. 

Labels:

Comments

Post a Comment