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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,...
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Trump’s Misleading Outrage: The Truth About Barron’s Graduation Ban

Former President Donald Trump recently expressed frustration over the possibility of missing his son Barron’s high school graduation due to his ongoing criminal trial. However, let’s set the record straight on what the judge actually said.

The Situation:

  • Trump’s trial centers around allegations that he paid porn actor Stormy Daniels to keep quiet about their alleged affair before the 2016 election.
  • Judge Juan Merchan received requests from Trump’s attorneys to allow him to skip trial proceedings on May 17, the same day as Barron’s graduation.

What the Judge Really Said:

  • Judge Merchan did not outright deny Trump’s request to attend Barron’s graduation.
  • He stated that it might be possible for Trump to attend the celebration, but it would depend on how the trial progresses.
  • Merchan warned that Trump could face arrest if he misses court or disrupts trial proceedings.

Trump’s Spin:

  • Trump spun the situation into an attack on what he called a “scam” trial against him.
  • His eldest son, Donald Trump Jr., labeled it “pure evil.”
  • Eric Trump criticized Merchan as “truly heartless” for not allowing a father to attend his son’s graduation.

Critics’ Perspective:

  • Critics pointed out that defendants shouldn’t receive special privileges.
  • Trump’s disingenuous spin whipped up anger on the right, even among his other sons, Don Jr. and Eric.

In summary, while Trump’s outrage may have grabbed headlines, the truth is more nuanced. Judge Merchan didn’t outright ban Trump from attending Barron’s graduation; he simply emphasized the importance of court proceedings. The situation remains fluid, and we’ll see how it unfolds as the trial continues.

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