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5 Things to Know Today: Canada’s CPI, Alberta’s Vote and Oil Near $100 (Oct. 18)

  Canadian Money Brief • Sunday, October 18, 2026 Markets are closed, but Monday is packed: Canada's September inflation reading, a high-stakes Alberta referendum and a Bank of Canada decision just ten days away. Here are the five things that matter for your wallet today. 1. Canada's September CPI lands Monday, 9 days before the BoC decision Statistics Canada releases September inflation Monday at 8:30 a.m. ET. A Reuters/LSEG poll of economists expects 3.2% (up from 3.0% in August); TD also sees 3.2%, while RBC expects 3.0% for a third straight month. Core inflation is expected to stay soft, around 1.8%-1.9%. The Bank of Canada also publishes its Business Outlook Survey Monday, and the policy rate (2.25%) is decided Oct. 28. What it means for you: A hot core number would raise odds of a hike, which hits variable-rate mortgages and HELOCs first. A soft core number with headline driven by gas supports the "hold" camp. 2. Alberta votes Monday on ten referendum questio...
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Starbucks Workers Escalate Strike, Threatening Holiday Operations

 

Starbucks workers across the United States have launched a five-day strike, demanding better pay, staffing, and schedules. The strike, organized by the Starbucks Workers United union, began on December 20th in cities like Los Angeles, Chicago, and Seattle. The union warns that the strike could impact hundreds more stores by Christmas Eve.

Union members cite unresolved issues over wages and labor practices as key reasons for the protest. Despite earning an average of $21 an hour, baristas argue that this wage is inadequate given inflation and the high cost of living, especially since many employees don't receive 40-hour workweeks.

Starbucks has held multiple bargaining sessions with the union since April but claims that the union prematurely ended the latest session. The company has offered a 1.5% wage increase in future years, but the union has rejected this offer, demanding a more substantial raise.

As the holiday season approaches, the strike poses a significant challenge for Starbucks, which relies heavily on holiday sales. The union's actions reflect a broader trend of labor unrest in the service industry, with similar strikes occurring at other major companies.

The outcome of these negotiations remains uncertain, but the strike has already garnered significant attention and support from the public.



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