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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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US Claims Russian Air Defenses Downed Azerbaijani Plane

                                         

The United States has suggested that Russian air defenses may have been responsible for the downing of an Azerbaijan Airlines plane that crashed in Kazakhstan earlier this week. The Embraer 190 aircraft, which was en route from Baku to Grozny, crashed near Aktau, killing 38 people and injuring all 29 survivors.

According to White House national security spokesman John Kirby, early indications point to the possibility that the plane was brought down by Russian air defense systems. Kirby emphasized that the U.S. has seen some evidence supporting this theory but declined to provide further details, citing an ongoing investigation.

Azerbaijan's Minister of Digital Development and Transportation, Rashad Nabiyev, also suggested that the plane was subjected to "external interference" before the crash. Survivors reported hearing loud noises and explosions while the aircraft was circling over Grozny.

The Kremlin has yet to respond to these claims, with Russian officials stating that it is premature to draw conclusions before the investigation is complete.

The incident has raised tensions between Azerbaijan and Russia, with Azerbaijan pausing flights to several Russian cities citing potential flight safety risks.

As the investigation continues, the international community awaits further clarity on the circumstances surrounding this tragic event.


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