Skip to main content

Featured

5 Things to Know Today: US CPI, BoC Minutes, Oil Below US$90 (Nov. 10)

  Tuesday, November 10, 2026. U.S. inflation data, Bank of Canada minutes and a sharp slide in oil headline your morning. Here is what matters for your wallet. 1. US inflation report lands at 8:30 a.m. ET Economists expect October U.S. consumer prices to rise 0.3% from September, slower than the 0.6% jump the month before, with core prices up 0.2%. There will be no annual rate this time because last year's government shutdown left a gap in the October 2025 data. Strong U.S. jobs numbers on Friday have already pushed the odds of a Fed rate hike on December 9 above 65%. What it means for you: U.S. rate expectations move Canadian bond yields, which set fixed mortgage rates, and they swing the loonie. A hot reading could push yields higher; a cool one could give borrowers a little breathing room. 2. Bank of Canada releases its rate-hike minutes at 1:30 p.m. ET The central bank publishes its summary of deliberations on the October 28 decision, when it raised its policy rate by a qua...
Post a Comment
Read more

article

Labels

 

Hopes for a swift resumption of peace talks to resolve Cyprus’ long-standing ethnic division were dashed as Turkish President Recep Tayyip Erdogan reaffirmed his support for a two-state solution. Speaking ahead of a military parade commemorating the 50th anniversary of the Turkish invasion that split the island, Erdogan dismissed the United Nations-endorsed plan for a federated Cyprus, which Greek Cypriots have long supported.

Erdogan’s remarks came as a blow to those advocating for a unified Cyprus. The Turkish president emphasized that a federal solution is not feasible, insisting that the rights of Turkish Cypriots must be recognized through a two-state arrangement. This stance complicates efforts by U.N. Secretary-General Antonio Guterres and his envoy, Maria Angela Holguin Cuellar, who have been working to bring both sides back to the negotiating table.

The anniversary of the invasion is marked differently across the island. In the north, Turkish Cypriots celebrate what they view as liberation from Greek Cypriot dominance, while in the south, Greek Cypriots mourn the invasion’s devastating impact, which left thousands dead or missing and displaced a significant portion of the population.

Erdogan’s firm position underscores the deep-seated divisions that continue to hinder peace efforts. As both sides remain entrenched in their views, the path to reconciliation appears increasingly uncertain.


Labels:

Comments

Post a Comment