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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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Biden and Netanyahu Discuss Ceasefire Amid Escalating Tensions in Israel-Gaza Conflict


In a critical development, US President Joe Biden recently engaged in a phone call with Israeli Prime Minister Benjamin Netanyahu as the pressure mounts on both Israel and Hamas to find common ground and reach a ceasefire agreement. Here are the key points from their conversation:

  1. Opposition to Rafah Invasion:

    • President Biden reiterated the US’s clear position opposing Israel’s plans to invade Gaza’s southernmost city of Rafah. This stance comes despite global concern for over one million Palestinians currently sheltering in the area.
    • Thousands of homes in Rafah have already been destroyed by airstrikes, and the threat of a ground invasion looms large.

  2. Ceasefire Talks in Cairo:

    • Talks are set to commence in Cairo, Egypt on Monday to negotiate a potential ceasefire deal.
    • Hamas has confirmed its participation and will send a delegation to the negotiations.
    • An Israeli delegation is also expected to arrive in Egypt to discuss the latest proposals.

  3. Humanitarian Aid and Hostage Release:

    • President Biden emphasized the importance of sustained and enhanced delivery of humanitarian aid to Gaza.
    • The ongoing conflict has severely impacted civilians, aid workers, and hostages.
    • In a previous call, Biden had warned that future US support for Israel would depend on swift steps to protect civilians and aid workers.

  4. Qatar’s Role:

    • Qatar, a key intermediary, has urged both Israel and Hamas to show more commitment and seriousness during negotiations.
    • Qatar played a crucial role in negotiating a brief halt to the fighting in November, leading to the release of dozens of hostages.
    • However, Qatar has recently reassessed its role in the conflict.

  5. Netanyahu’s Response:

    • There has been no official comment from Prime Minister Netanyahu’s office regarding the latest call with President Biden.
    • Netanyahu has previously rejected Hamas’s terms for a ceasefire and hostage-release agreement, calling them “delusional” and complicating efforts to strike a deal.

As the situation remains tense, the international community closely watches the developments in the Israel-Gaza conflict. The hope is that diplomatic efforts will lead to a resolution that brings an end to the prolonged war and ensures the safety and well-being of civilians on both sides.

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