Skip to main content

Featured

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...

article

Canada Temporarily Reduces Embassy Staff in Haiti Amid Security Concerns

 

In response to the escalating security situation in Haiti, Canada has made the decision to temporarily reduce the number of Canadian embassy staff in Port-au-Prince. The move comes as gang violence continues to plague the capital city.

Key Points:

  1. Volatility and Safety Concerns:

    • The volatility of the security situation in Haiti has prompted Global Affairs Canada to take action.
    • The lack of reliable supplies and the need to maintain an effective presence in a challenging environment have led to this staffing adjustment.
  2. Essential Personnel Only:

    • Canada will maintain a skeleton crew of essential personnel at its embassy in Haiti.
    • These relocated staff members will continue to fulfill their duties from a third country, primarily the Dominican Republic.
  3. U.S. Parallel Move:

    • The U.S. also recently reduced its diplomatic presence in Haiti due to heightened gang violence.
    • U.S. Marines escorted a portion of their diplomatic corps out of the country, while some remained to provide additional protection.
  4. Challenges for Evacuation:

    • Approximately 3,000 Canadian citizens are currently in Haiti, mainly in and around Port-au-Prince.
    • Evacuating them poses challenges due to the closure of the main airport, which has been targeted by gangs.
  5. Support and Caution:

    • Despite the staffing reduction, Canada’s embassy will continue to support Canadians in Haiti.
    • The public is advised to shelter in place and respect the curfew.

Canada remains committed to assisting its citizens and maintaining diplomatic engagement, even in the face of security risks.



Comments