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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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Bitcoin Hits Record High, Analysts Predict $100,000 Milestone

 

Bitcoin surged to a new all-time high this week, surpassing $70,000 amid growing optimism about institutional adoption and a favorable regulatory outlook. The milestone has reignited discussions about the cryptocurrency’s potential to reach $100,000, a target long anticipated by bullish investors and analysts.

The rally comes as major financial institutions increasingly embrace Bitcoin. Recent developments, including the approval of Bitcoin exchange-traded funds (ETFs) and heightened interest from large asset managers, have fueled demand. Additionally, global economic uncertainties and inflation concerns have bolstered Bitcoin’s appeal as a hedge.

Market experts suggest the psychological $100,000 mark could be achievable by early 2025 if current trends persist. “Bitcoin’s scarcity, combined with growing institutional involvement, creates a strong foundation for long-term growth,” said a report from Glassnode.

However, analysts caution against potential volatility, noting that Bitcoin’s price movements often correlate with shifts in market sentiment and macroeconomic developments.

As Bitcoin continues its upward trajectory, its role in the global financial ecosystem appears increasingly significant, sparking renewed interest from retail and institutional investors alike.


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