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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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Israel-Hezbollah Ceasefire Holds as Lebanese Civilians Begin Returning Home


In the early hours of Wednesday, a ceasefire between Israel and Hezbollah took effect, bringing a temporary halt to over a year of conflict. The ceasefire, brokered by the United States and France, was announced by U.S. President Joe Biden and approved by Israel's security cabinet.

As the ceasefire took hold, thousands of Lebanese civilians began returning to their homes in the south, despite warnings from the Israeli military to delay their return until the area is fully secured. The agreement stipulates a 60-day period for Israeli forces to withdraw from southern Lebanon, while the Lebanese army will deploy troops to ensure Hezbollah does not rebuild its infrastructure.

The ceasefire has been welcomed by international leaders, including French President Emmanuel Macron and Canadian Prime Minister Justin Trudeau, who see it as a crucial step towards stability in the region. However, the situation remains tense, with both sides prepared to respond to any violations of the agreement.



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