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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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Harris and Trump Neck-and-Neck as Election Day Approaches

 


With just days remaining until the 2024 U.S. presidential election, the race between Vice President Kamala Harris and former President Donald Trump is incredibly tight. Recent polls indicate a virtual tie, with both candidates vying for crucial swing states that could determine the outcome.

In Pennsylvania, a CNN poll conducted by SSRS shows the race is tied, while a Quinnipiac University poll gives Trump a slight edge. Nationally, the latest TIPP Tracking Poll also shows both candidates at 48% support. Harris maintains a narrow lead in Michigan and Wisconsin, according to CNN polls.

Both candidates are making their final appeals to voters in key battleground states. Harris is focusing on economic issues and job creation, while Trump is emphasizing his stance on immigration and appealing to religious voters. Early voting numbers have reached unprecedented levels, with millions of Americans already casting their ballots.

As Election Day approaches, the outcome remains uncertain, with both campaigns working tirelessly to secure a victory on November 5.

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