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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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Google Lays Off Hundreds of Employees in Hardware, Voice Assistant Teams Amid Cost-Cutting Drive

 

Google has laid off hundreds of employees working on its hardware, voice assistance and engineering teams as part of cost-cutting measures. 

The cuts come as Google looks towards “responsibly investing in our company’s biggest priorities and the significant opportunities ahead,” the company said in a statement. The job cuts are part of a broader effort to reduce costs and streamline operations.

Google earlier said it was eliminating a few hundred roles, with most of the impact on its augmented reality hardware team. The cuts follow pledges by executives of Google and its parent company Alphabet to reduce costs  In a post on X — previously known as Twitter — the Alphabet Workers Union described the job cuts as “another round of needless layoffs”. The union wrote, “Our members and teammates work hard every day to build great products for our users, and the company cannot continue to fire our coworkers while making billions every quarter. We won’t stop fighting until our jobs are safe!”.


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