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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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Canada’s Railways and Union in Critical Talks as Midnight Deadline Looms

 

Canada’s two major freight railroads, Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC), are currently embroiled in intense labor negotiations. The stakes are high: if an agreement isn’t reached by midnight, thousands of workers could face a lockout. This would halt the movement of approximately $1 billion worth of goods that traverse these companies’ tracks daily.

Prime Minister Justin Trudeau has urged both sides to continue their efforts at the negotiation table. He emphasized that millions of Canadians, workers, farmers, and businesses across the country are counting on a resolution. The Canadian Chamber of Commerce, Business Council of Canada, Canadian Federation of Independent Business, and the Canadian Manufacturers & Exporters have also called on the federal government to take immediate action to keep trains running and goods flowing.

The situation remains tense, and the outcome will have significant implications for the Canadian economy. Let’s hope that a last-minute agreement can be reached to avert a major rail stoppage. 

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