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5 Things to Know Today: BoC Hike Odds, Oil, TSX, Tariffs & Fed Day (Oct. 26)

  Canadian Money Brief • Monday, October 26, 2026 A packed week of central-bank decisions starts now, and the Bank of Canada goes first on Wednesday. Here are the five things Canadians should know today. 1 The Bank of Canada is expected to hike on Wednesday Markets are pricing roughly an 80–85% chance that the Bank of Canada lifts its overnight rate by a quarter point to 2.50% on Wednesday, Oct. 28 (9:45 a.m. ET), alongside a fresh Monetary Policy Report. A Reuters poll of economists (Oct. 21–23) found 19 of 34 now expect a hike, with many switching from “hold” after Governor Tiff Macklem signalled the Bank’s inflation forecast will be revised higher. What it means for you: Variable-rate mortgages and HELOCs follow prime. As an illustration, a quarter-point hike adds about $57 a month on a $400,000 variable mortgage (25-year amortization, around 4.5%) and about $21 a month per $100,000 of HELOC balance (interest only). Fixed rates track bond yields instead, so they can move withou...
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Tragedy Strikes: Israeli Airstrike on Gaza School Claims 80 Lives

 

In a devastating incident, an Israeli airstrike targeted a school-turned-shelter in Gaza City, resulting in the loss of at least 80 lives. Palestinian health authorities reported the casualties, making it one of the deadliest strikes in the ongoing 10-month conflict between Israel and Hamas. The Israeli military claimed that the strike hit a Hamas command center within the school, but evidence remains elusive. 

The Tabeen school, like many others in Gaza, had been providing refuge for displaced civilians forced to flee their homes due to the war. The tragedy unfolded during early morning prayers, catching people unaware and causing unimaginable suffering. The victims included women, children, and the elderly. 

As the world grapples with the human toll of this conflict, we must continue to seek peace and humanitarian solutions to prevent further loss of life.

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