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Macklem Just Raised the Inflation Alarm: What Monday’s CPI Means for Your Wallet

  Canadian Money Brief  |  Sunday, October 18, 2026  |  Written ahead of Monday’s 8:30 am ET inflation release Bank of Canada Governor Tiff Macklem has just told Canadians what the central bank is about to say on October 28: its inflation forecast is going up, and by a lot. The reason is oil. With the Middle East conflict dragging on, shipments still curtailed and refinery capacity damaged, he said the risk that inflation broadens and lingers has gone up. Speaking to reporters from Bangkok on Saturday, he framed the coming decision as a simple question: will inflation drift back toward 2% on its own, or does the Bank need to raise rates to nudge it there? Monday is the first real clue. Here is what is landing, what economists expect, and what it could mean for your gas bill, your grocery cart, your heating costs and your mortgage. 3.0% August CPI, year over year 3.2% September consensus (Reuters poll) 2.25% BoC policy rate, unchanged for nearly a year Oct 28 Rat...
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Biden and Trump Agree to Two Presidential Debates Ahead of 2024 Election

 

In a surprising turn of events, U.S. President Joe Biden and former President Donald Trump have agreed to participate in two general election debates. The first debate is scheduled for June 27, hosted by CNN, and the second will take place on September 10, hosted by ABC. This sets the stage for their first presidential face-off, just over a month away.

The quick agreement on the debate timetable followed Biden’s announcement that he would not participate in the fall presidential debates sponsored by the nonpartisan commission that has organized them for more than three decades. Instead, Biden’s campaign proposed that media outlets directly organize the debates between the presumptive Democratic and Republican nominees.

The unusually early timing of the first debate means that neither Biden nor Trump will have formally accepted their party’s nomination. Hours after Biden’s announcement, he accepted an invitation from CNN, playfully adding, “Over to you, Donald.” Trump, who had previously insisted he would debate Biden anytime and anywhere, confirmed his participation on Truth Social, saying, “Let’s get ready to Rumble!!!” Soon after, they agreed to the second debate on ABC.

The swiftness with which these debates were arranged reflects each candidate’s strategy. Trump and his team believe the debates will highlight voters’ concerns about Biden’s age and competence, while Biden’s team aims to remind voters of why they voted Trump out of the White House four years ago. These debates are particularly crucial in a year when voters express underwhelming enthusiasm for their choices and have concerns about the candidates’ advanced ages—Biden is 81, and Trump is 77.

As the election season heats up, all eyes will be on these debates, where the two candidates will face off in a high-stakes showdown. The outcome could significantly impact the trajectory of the 2024 election, making these debates a critical moment on the political calendar.

Stay tuned for more updates as the candidates prepare to spar on the national stage! 

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