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5 Things to Know Today: Alberta Votes to Stay, Inflation Hits 3.1%, BoC Countdown (Oct. 21, 2026)

  Canadian Money Brief | Wednesday, October 21, 2026 Albertans just settled a big political question, inflation edged up on gas and heating costs, and the Bank of Canada decision is one week away. Here are the five things that matter for your money today. 1. Alberta votes decisively to stay in Canada Albertans voted by roughly three to one to remain in Canada in Monday's referendum. Unofficial results put the "remain" side at about 75% to 76% with most votes counted, against about 24% to 25% for starting a process toward a future binding separation vote. The referendum was non-binding. Prime Minister Mark Carney said Albertans made a clear choice for unity, and Premier Danielle Smith welcomed the result. What it means for you: The result removes one layer of political uncertainty hanging over Alberta's energy sector and Canadian assets more broadly. It doesn't change your mortgage rate or your portfolio overnight, but about a quarter of voters backed the other op...
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Market Resilience Amid Rising Yields and Positive Earnings

 

In a display of resilience, the S&P 500 closed marginally higher after a session marked by volatility, as investors navigated the dual forces of climbing Treasury yields and encouraging corporate earnings, particularly from tech behemoths.

  • Treasury Yields Climb: An auction of $70 billion in five-year U.S. Treasury notes drove yields higher, influencing equity markets. The 10-year Treasury note rose to 4.6459%.
  • Tech Giants’ Earnings: Investors’ attention was captured by earnings reports from major technology companies. Meta Platforms saw a dip in after-hours trading, while Microsoft and Alphabet are poised to report later in the week.
  • Tesla’s Surge: Tesla’s stock leapt by 12% as plans to increase production and introduce more affordable models outweighed its weaker quarterly results.
  • Economic Indicators Awaited: Markets are now looking ahead to the first quarter GDP data and March’s personal consumption expenditures, which could signal the Fed’s interest rate trajectory.

Investors remain cautious yet optimistic as they parse through the latest financial data, seeking signs of stability in a fluctuating economic landscape.

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