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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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Bitcoin Surges to New Heights: Record Highs Amidst Dollar Weakness

 


Bitcoin, the original cryptocurrency, has achieved a remarkable milestone, soaring past $72,000 for the first time. This surge marks the sixth consecutive day of gains, propelling its year-to-date rally to an impressive 70%. The driving force behind this ascent? Massive inflows into US exchange-traded funds (ETFs).

Market Insights

  • Bitcoin’s Rally: The virtual currency surged by as much as 4%, reaching a peak of $72,234 on Monday. Notably, smaller tokens like Ether, Solana, and Avalanche also experienced gains.
  • Institutional Interest: Investors have poured nearly $10 billion into a batch of new Bitcoin ETFs since their launch in the US just two months ago. This influx has ignited a broad surge across crypto markets.
  • Global Acceptance: The London Stock Exchange has confirmed its acceptance of applications for admitting Bitcoin and Ether exchange-traded notes. Additionally, Thailand’s securities regulator has granted retail investors permission to buy overseas crypto ETFs.
  • Technical Indicators: Other bullish signals include the upcoming quadrennial “halving” event scheduled for April, which will reduce Bitcoin’s supply growth by half. Furthermore, growing open interest in Chicago-based CME Group’s Bitcoin futures market and a rebound in the funding rate indicate heightened interest from both institutional and retail traders.

As Bitcoin continues its meteoric rise, all eyes remain on the crypto landscape. 


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