Skip to main content

Featured

5 Things to Know Today: Hot U.S. Inflation, BoC Hike Odds, Loonie Slump (Oct. 15)

  Canadian Money Brief | Thursday, October 15, 2026 A hotter-than-expected U.S. inflation print rattled markets Wednesday, just as Canadians wait on their own CPI and a Bank of Canada decision. Here are the five things that matter to your wallet today. 1. Hot U.S. inflation knocks the TSX down 1.1% U.S. consumer prices rose 3.7% in September from a year earlier (up from 3.4% in August), with a 0.6% monthly jump, the biggest in five months; core inflation rose to 2.6% from 2.4%, per the Labor Department. Gasoline jumped 9.1% in the month. CME FedWatch odds of a Fed hike at the Oct. 27-28 meeting roughly doubled but sit near 50-50. The S&P/TSX Composite fell 399.52 points (-1.11%) to 35,584.46 Wednesday, ending a three-day win streak; basic materials sank 4.33%, and all six big banks finished lower. The Nasdaq lost 1.88%. What it means for you: Higher U.S. rates tend to pull Canadian bond yields up too, and that is what fixed mortgage rates follow. If you have a renewal coming,...
Post a Comment
Read more

article

Labels

Stock Market Today: Stocks Rebound as Earnings Take Center Stage


In today’s market, US stocks are making a comeback, with investors shifting their attention away from interest rate concerns and focusing on quarterly earnings. Here’s a brief overview of the current situation:

  1. S&P 500 Rebounds: After a three-day streak of losses, the S&P 500 (^GSPC) is up approximately 0.4%. The Dow Jones Industrial Average (^DJI) has also gained 0.4%, while the tech-heavy Nasdaq Composite (^IXIC) leads the gains, rising over 0.5%.

  2. Rate Cut Worries Eased: Despite recent worries about heightened tensions in the Middle East and uncertainty surrounding rate cuts, investors are now looking to earnings season for positive momentum.

  3. Big Bank Results: Robust earnings from major banks signal a return to strength on Wall Street. United Airlines (UAL) shares rose 7% after posting a revenue beat, while ASML (ASML), the largest supplier of equipment to chipmakers worldwide, saw its sales to China hold up amid US curbs.

  4. Netflix Earnings Anticipation: Netflix (NFLX) is set to report earnings after the close on Thursday. Investors are optimistic about continued benefits from the company’s crackdown on password sharing and a strong original content slate. However, there’s some concern about growth slowing in the second half of the year.

As we navigate the market, keep an eye on earnings reports and how they impact stock performance. The road ahead remains dynamic, but for now, earnings are taking center stage. Stay tuned for further updates! 

Labels:

Comments

Post a Comment