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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 and Nasdaq Futures Rise After CPI Surprise

 

Investors are closely monitoring the stock market today as S&P 500 and Nasdaq futures show upward momentum following a surprising inflation report. Here are the key highlights:

  1. CPI Surprise: The Consumer Price Index (CPI) for February revealed a 3.2% year-over-year increase in consumer prices, indicating elevated inflation. This data is crucial for the Federal Reserve’s upcoming interest rate decision.

  2. Boeing Issues Impact Southwest: Southwest Airlines (LUV) announced capacity cuts due to ongoing problems with Boeing’s (BA) 737 Max planes. Investors are closely watching how this development affects the airline industry.

  3. Oracle’s Strong Earnings: Tech giant Oracle (ORCL) reported better-than-expected fiscal third-quarter earnings. Additionally, Oracle teased an upcoming announcement with chipmaker NVIDIA (NVDA), driving its stock price higher.

  4. Market Expectations: The CPI release influences market expectations regarding the timing of a potential Federal Reserve interest-rate cut. The “core” CPI, which excludes food and energy prices, rose by 0.4% in February and 3.1% year-on-year, surpassing estimates.

  5. Bitcoin Continues Rally: Bitcoin (BTC-USD) reached a record high of $72,120, driven by surging inflows into crypto assets. Some predict bitcoin could reach as high as $350,000 this year.

  6. Corporate Developments: Oracle’s cloud computing progress and collaboration with NVIDIA are boosting investor confidence.


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