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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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Heatwave Tragedies: Dutch Tourist Found Dead on Greek Island, Others Missing

 

In the scorching heat of a relentless early-summer heatwave, tragedy has struck the idyllic Greek islands. Dr. Michael Mosley’s death made headlines in the UK, but he is not alone. At least four other visitors have lost their lives recently. The heatwave, which meteorologists predict will “go down in history,” has prompted warnings for people to stay indoors between 11 am and 3 pm.

The Acropolis in Athens closed, schools and nurseries shut, and temperatures soared to a blistering 43°C in some places. Greece faces its longest recorded heatwave, lasting 16 days. Experts fear this could be a grim sign of summers to come, with the country on the frontline of global warming.

Tourists have fallen victim to the extreme conditions. On the island of Symi, Dr. Mosley was found dead after a hike in scorching heat. Meanwhile, an American tourist’s body was discovered on the small Greek island of Mathraki. And on Samos, a 74-year-old Dutch tourist vanished while hiking. His body was later found in a gorge.

Let us remember these lives lost and heed the warnings as temperatures continue to rise

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