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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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UN Halts Aid Shipments Through Gaza’s Main Crossing Over Safety Concerns

 

The United Nations Relief and Works Agency (UNRWA) has announced the suspension of aid deliveries through the Kerem Shalom crossing, Gaza's primary cargo route, citing severe safety concerns. Philippe Lazzarini, the head of UNRWA, stated that the decision was made due to the threat posed by armed gangs who have looted recent aid convoys.

The suspension comes amid a deepening humanitarian crisis in Gaza, exacerbated by the cold, rainy winter and the ongoing conflict. Experts have already warned of potential famine in the northern parts of Gaza, which have been almost completely isolated by Israeli forces since early October.

Lazzarini pointed out that the route leading to Kerem Shalom has become too dangerous, with nearly 100 trucks being looted in mid-November and another smaller shipment stolen just recently. He also criticized Israeli policies, claiming they have contributed significantly to the breakdown of law and order in Gaza.

The suspension of aid shipments is expected to worsen the already dire situation in Gaza, where hundreds of thousands of Palestinians are living in squalid tent camps and relying heavily on international food aid.



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