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5 Things to Know Today: Hot U.S. Inflation, BoC Hike Odds, Loonie Slump (Oct. 15)

  Canadian Money Brief | Thursday, October 15, 2026 A hotter-than-expected U.S. inflation print rattled markets Wednesday, just as Canadians wait on their own CPI and a Bank of Canada decision. Here are the five things that matter to your wallet today. 1. Hot U.S. inflation knocks the TSX down 1.1% U.S. consumer prices rose 3.7% in September from a year earlier (up from 3.4% in August), with a 0.6% monthly jump, the biggest in five months; core inflation rose to 2.6% from 2.4%, per the Labor Department. Gasoline jumped 9.1% in the month. CME FedWatch odds of a Fed hike at the Oct. 27-28 meeting roughly doubled but sit near 50-50. The S&P/TSX Composite fell 399.52 points (-1.11%) to 35,584.46 Wednesday, ending a three-day win streak; basic materials sank 4.33%, and all six big banks finished lower. The Nasdaq lost 1.88%. What it means for you: Higher U.S. rates tend to pull Canadian bond yields up too, and that is what fixed mortgage rates follow. If you have a renewal coming,...

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Greek Farmers Drive Tractors to Parliament Demanding Financial Aid

 

 Scores of bright-colored tractors were parked outside Greece’s parliament on Tuesday, horns blaring, as thousands of farmers expressed their frustration over soaring production costs. The Mediterranean country’s cost of living has spiked, leaving farmers struggling to make ends meet.

The slow-moving convoy, consisting of approximately 200 tractors, journeyed from the central Greek town of Kastro, covering 120 kilometers northwest of Athens. Greek flags, black flags, and protest banners adorned the tractors, with one powerful message: “Without us, you don’t eat.”

In a poignant display, some farmers carried mock coffins and funeral garlands, symbolizing the dire situation they face. They parked their tractors in front of the parliament building in the capital, an area typically frequented by tourists observing the changing of the guard ceremony. Amid flares and chants of “Don’t bow your heads,” the farmers made their voices heard.

These Greek farmers, whose demands mirror those of their counterparts across Europe, have spent weeks staging sporadic blockades along highways and in rural towns. Their plight is compounded by the aftermath of major floods that devastated central parts of the country last fall.

Greek Prime Minister Kyriakos Mitsotakis addressed the situation in a television interview, expressing his government’s willingness to continue discussions with the protesters. While he ruled out additional tax breaks and concessions, he emphasized the need for dialogue.

Police were deployed to help divert highway traffic during the protest, as the farmers sought financial relief from the government. As the cost of living continues to rise, their tractors became a powerful symbol of their struggle, reminding everyone that without their hard work, sustenance would be at risk.


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