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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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Netanyahu Cancels Israeli Delegation to U.S. After U.N. Ceasefire Vote

Israeli Prime Minister Benjamin Netanyahu has canceled an Israeli delegation’s planned visit to Washington, D.C., scheduled for this week. The decision came after the United States refrained from vetoing a United Nations Security Council resolution calling for an immediate ceasefire between Israel and Hamas in Gaza.

The U.N. Security Council’s resolution marks the first time it has demanded an immediate ceasefire since the war began. Fourteen out of fifteen countries voted in favor of the resolution, which specifically called for a halt to fighting in Gaza during the month of Ramadan. Notably, the resolution did not impose any preconditions, such as the release of hostages.

The United States’ abstention from voting was a significant shift. Just last week, the U.S. submitted a draft resolution calling for an immediate ceasefire without linking it to the release of hostages held by Hamas in Gaza. The change in position reflects a departure from decades of stalwart support for Israel.

U.S. Ambassador to the United Nations, Linda Thomas-Greenfield, emphasized the ongoing diplomatic efforts led by the United States, Qatar, and Egypt to secure an immediate and sustainable ceasefire. She stressed the need to alleviate the suffering of Palestinian civilians in Gaza, who are in dire need of protection and life-saving humanitarian assistance.

Netanyahu’s decision to cancel the delegation’s trip underscores the tension surrounding the UN vote and highlights the delicate balance between international diplomacy and regional conflict. As the situation continues to evolve, the world watches closely for any signs of progress toward peace in the troubled region.

Last October, President Biden met with Netanyahu in Tel Aviv, but recent events have strained the traditionally strong U.S.-Israel relationship.

As the conflict persists, the international community remains hopeful for a resolution that brings an end to the violence and paves the way for lasting peace in the Middle East.

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