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5 Things to Know Today: BoC Minutes, U.S. CPI and Cheaper Gas (Nov. 8, 2026)

  Canadian Money Brief • Sunday, November 8, 2026 Markets are closed until Monday, but the week ahead is loaded: two Bank of Canada releases, a key U.S. inflation report and some welcome relief at the pump. Here are five things to know today, and what each means for your wallet. 1. Two Bank of Canada releases land early this week The Bank of Canada publishes its Q3 Market Participants Survey Monday at 10:30 a.m. ET, then the summary of deliberations behind its Oct. 28 rate decision Tuesday at 1:30 p.m. ET. The Bank raised its policy rate 25 basis points to 2.50% that day, its first hike since July 2023, and signalled more tightening was possible if energy costs spill into broader prices. The minutes were written before the post-midterm oil drop, so watch how hawkish the tone is. What it means for you: If you have a variable-rate mortgage or a HELOC, the minutes help show whether another hike is on the table at the next decision on Dec. 9. A hawkish read keeps pressure on borrowin...
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Qatar Suspends Gaza Ceasefire Mediation Amid Stalemate

 

 Qatar has decided to suspend its mediation efforts in the Gaza ceasefire negotiations, citing a lack of progress and commitment from both Hamas and Israel. This decision marks a significant setback in the ongoing efforts to broker peace in the region.

An official briefed on the matter stated that Qatar will not resume its role until both parties demonstrate a sincere willingness to negotiate in good faith. The official also mentioned that the political office of Hamas in Doha “no longer serves its purpose” under the current circumstances.

Qatar has been a key mediator alongside Egypt and the United States, working tirelessly to facilitate a ceasefire and the release of hostages held by Hamas. However, the latest round of talks in mid-October failed to yield any agreement, with Hamas rejecting a short-term ceasefire proposal.

The suspension of Qatar’s mediation efforts underscores the growing frustration with the stalled negotiations and the ongoing conflict in Gaza. It remains to be seen whether this move will prompt a renewed commitment from both sides to return to the negotiating table.


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