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5 Things to Know Today: BoC Minutes, U.S. CPI and Cheaper Gas (Nov. 8, 2026)

  Canadian Money Brief • Sunday, November 8, 2026 Markets are closed until Monday, but the week ahead is loaded: two Bank of Canada releases, a key U.S. inflation report and some welcome relief at the pump. Here are five things to know today, and what each means for your wallet. 1. Two Bank of Canada releases land early this week The Bank of Canada publishes its Q3 Market Participants Survey Monday at 10:30 a.m. ET, then the summary of deliberations behind its Oct. 28 rate decision Tuesday at 1:30 p.m. ET. The Bank raised its policy rate 25 basis points to 2.50% that day, its first hike since July 2023, and signalled more tightening was possible if energy costs spill into broader prices. The minutes were written before the post-midterm oil drop, so watch how hawkish the tone is. What it means for you: If you have a variable-rate mortgage or a HELOC, the minutes help show whether another hike is on the table at the next decision on Dec. 9. A hawkish read keeps pressure on borrowin...
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Stock Market Update: S&P 500 Turns Green Ahead of Nvidia Earnings

 

In a late-day rally, U.S. stocks managed to flip into positive territory as investors eagerly awaited the high-stakes earnings report from artificial intelligence (AI) powerhouse Nvidia (NVDA). Here’s a snapshot of today’s market action:

  1. S&P 500: The broad-market index edged up more than 0.1%, signaling a cautious optimism among traders. The release of Federal Reserve minutes, which emphasized the central bank’s commitment to avoiding premature interest rate cuts, also played a role in the market’s sentiment.
  1. Dow Jones Industrial Average: The Dow gained about 0.1%, adding nearly 50 points. Investors closely monitored Nvidia’s performance, considering it a bellwether for the AI sector and a potential turning point for overall stock market trends
  1. Nasdaq Composite: The tech-heavy Nasdaq Composite lagged behind, slipping 0.3% following Tuesday’s declines. Nvidia’s shares had dipped almost 3% the previous day, marking their worst performance since October 17.

Nvidia’s Earnings: A Critical Moment

Expectations are running high for Nvidia’s fourth-quarter results. As one of the megacap companies driving recent stock market gains, Nvidia’s performance is closely watched by investors. Its AI-driven revenue growth serves as a barometer for the broader tech industry.

However, the stakes are even higher this time. Nvidia’s report could potentially shape market sentiment and influence trading decisions. Hedge funds have been adjusting their holdings in response to mixed growth prospects among the so-called “Magnificent Seven” stocks, of which Nvidia is a key player.

Other Market Movers

  • Palo Alto Networks (PANW): Shares of this cybersecurity provider plummeted over 28% after it cut its annual revenue forecast. Concerns about a tech spending pullback weighed on investor sentiment.
  • Walgreens (WBA): The pharmacy giant lost its spot on the blue-chip Dow index to Amazon (AMZN), causing Walgreens shares to slide by as much as 3%.

Fed Minutes and Interest Rates

The Federal Reserve’s January meeting minutes highlighted the risks of moving too quickly in easing interest rates. Recent economic data has led to uncertainty about the timing of rate cuts, with June being the most probable window.

As the market awaits Nvidia’s earnings release after the bell, investors remain on edge. Will Nvidia’s results validate the AI trade’s strength, or will they signal caution? Only time will tell.

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