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5 Things to Know Today: Alberta Votes to Stay, Inflation Hits 3.1%, BoC Countdown (Oct. 21, 2026)

  Canadian Money Brief | Wednesday, October 21, 2026 Albertans just settled a big political question, inflation edged up on gas and heating costs, and the Bank of Canada decision is one week away. Here are the five things that matter for your money today. 1. Alberta votes decisively to stay in Canada Albertans voted by roughly three to one to remain in Canada in Monday's referendum. Unofficial results put the "remain" side at about 75% to 76% with most votes counted, against about 24% to 25% for starting a process toward a future binding separation vote. The referendum was non-binding. Prime Minister Mark Carney said Albertans made a clear choice for unity, and Premier Danielle Smith welcomed the result. What it means for you: The result removes one layer of political uncertainty hanging over Alberta's energy sector and Canadian assets more broadly. It doesn't change your mortgage rate or your portfolio overnight, but about a quarter of voters backed the other op...

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Moscow Warns U.S. Over Ukraine’s Use of Long-Range Weapons

 

In a significant escalation of tensions, Moscow has issued a stern warning to the United States following President Joe Biden’s authorization for Ukraine to use long-range ATACMS missiles to strike targets inside Russia. This decision marks a notable shift in U.S. policy, allowing Ukraine to extend its military reach beyond its borders.

The move comes amid ongoing conflict and heightened geopolitical tensions, with Russia expressing grave concerns over what it perceives as a direct threat to its national security. Russian officials have cautioned that this authorization could lead to a broader conflict, potentially drawing NATO into a more direct confrontation with Russia.

The U.S. decision follows extensive lobbying by Ukrainian officials, who argue that the ability to target strategic locations within Russia is crucial for their defense efforts. The authorization is seen as a response to recent developments, including North Korea’s reported support for Russia by sending troops to the region.

Ukrainian President Volodymyr Zelenskyy has remained measured in his public statements, emphasizing that actions will speak louder than words. Meanwhile, the international community watches closely, concerned about the potential for further escalation in an already volatile situation.


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