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5 Things to Know Today: US CPI, BoC Minutes, Oil Below US$90 (Nov. 10)

  Tuesday, November 10, 2026. U.S. inflation data, Bank of Canada minutes and a sharp slide in oil headline your morning. Here is what matters for your wallet. 1. US inflation report lands at 8:30 a.m. ET Economists expect October U.S. consumer prices to rise 0.3% from September, slower than the 0.6% jump the month before, with core prices up 0.2%. There will be no annual rate this time because last year's government shutdown left a gap in the October 2025 data. Strong U.S. jobs numbers on Friday have already pushed the odds of a Fed rate hike on December 9 above 65%. What it means for you: U.S. rate expectations move Canadian bond yields, which set fixed mortgage rates, and they swing the loonie. A hot reading could push yields higher; a cool one could give borrowers a little breathing room. 2. Bank of Canada releases its rate-hike minutes at 1:30 p.m. ET The central bank publishes its summary of deliberations on the October 28 decision, when it raised its policy rate by a qua...
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“The only true wisdom is in knowing you know nothing.” - Socrates


This quote, attributed to the ancient Greek philosopher Socrates, is a profound and enduring statement that emphasizes the importance of humility and self-awareness in the pursuit of knowledge and wisdom. 

There are several key points to consider in this quote:

1. Humility: Socrates suggests that true wisdom begins with recognizing the limitations of our knowledge. This humility allows individuals to approach learning and understanding with an open mind, free from the arrogance that can come from believing one knows everything.

2. Lifelong Learning: Socrates' statement encourages a continuous quest for knowledge. By acknowledging that we know nothing or very little, we remain curious and open to new information, ideas, and perspectives. This attitude of perpetual learning is essential for personal growth and intellectual development.

3. Critical Thinking: The quote also underscores the importance of critical thinking. To know that you know nothing implies an awareness of one's own ignorance, which can motivate individuals to question, examine, and seek evidence before forming opinions or accepting beliefs. This critical approach is integral to the Socratic method, a form of cooperative argumentative dialogue used by Socrates to stimulate critical thinking.

4. Intellectual Humility: Intellectual humility is the recognition that one's own beliefs and knowledge are fallible. By embracing this notion, individuals become more open to constructive criticism, different viewpoints, and intellectual growth. It promotes a sense of intellectual modesty and openness to the wisdom of others.

5. Paradoxical Nature: This quote is paradoxical in that it suggests wisdom is found in acknowledging ignorance. It challenges our conventional notions of wisdom, where we often associate it with possessing vast knowledge. Socrates, on the other hand, asserts that genuine wisdom lies in the recognition of how much there is to learn.

In summary, Socrates' statement serves as a reminder that true wisdom involves a continuous journey of self-discovery, learning, and a willingness to admit our limitations. It encourages an attitude of intellectual humility and curiosity, fostering a deeper understanding of the world and our place within it.





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