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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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Trump's Appointees Criticize Trudeau and Canada's Border Security

In the wake of President-elect Donald Trump's victory, his appointees have been vocal in their criticism of Canadian Prime Minister Justin Trudeau and the country's border security measures. As Trump begins to fill key positions in his administration, many of his most loyal supporters, now landing top jobs, have expressed concerns about Canada's policies.

Mike Waltz, Trump's pick for national security adviser, has repeatedly criticized Trudeau on social media, particularly regarding his handling of issues related to China. Waltz has also commented on the upcoming Canadian election, predicting that Conservative Leader Pierre Poilievre will "send Trudeau packing in 2025" and start addressing what he calls the "progressive mess" in Canada.

Elise Stefanik, Trump's choice for ambassador to the United Nations, has also raised alarms about security at the Canadian border. As a member of the Northern Border Security Caucus, Stefanik has called for increased measures to combat human and drug trafficking, claiming that dangerous illegal immigrants are crossing the northern border in record numbers.

These criticisms highlight the potential for strained relations between the U.S. and Canada as Trump's administration takes shape. With key appointees focusing on border security and foreign policy, the future of Canada-U.S. relations remains uncertain.

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