Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Market Surge Continues: Dow, S&P 500, Nasdaq Rally as Bitcoin Hits Record High

 

The stock market continued its impressive rally today, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all posting gains. Investors remain optimistic following recent economic developments and policy changes.

Key Highlights:

  • Dow Jones Industrial Average: Up approximately 0.6%, leading the charge among major indices.
  • S&P 500: Increased by 0.3%, continuing its upward trajectory.
  • Nasdaq Composite: Also rose by 0.3%, driven by strong performances in the tech sector.

Adding to the market’s exuberance, Bitcoin surged past $82,000 for the first time, reflecting growing confidence in the cryptocurrency market. This milestone comes amid high hopes for a more crypto-friendly regulatory environment.

Investors are now looking ahead to upcoming consumer inflation data, which could provide further insights into the Federal Reserve’s future policy moves. The recent rate cut by the Fed has already fueled market optimism, but concerns about potential inflationary pressures remain.

Overall, the market’s positive momentum shows no signs of slowing down, with both traditional stocks and cryptocurrencies benefiting from the current economic climate.


Labels:

Comments

Post a Comment