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5 Things to Know Today: US Inflation Day, Canada’s Job Losses and Oil Near $106 | Oct. 14, 2026

  Canadian Money Brief  |  Wednesday, October 14, 2026 Good morning. The biggest number of the day lands at 8:30 a.m. ET, and it could shape where mortgage rates and the loonie go next. Here are the five things worth knowing before you start your day. 1 US inflation report lands at 8:30 a.m. ET September U.S. CPI is the last major inflation reading before the Fed meets Oct. 27–28. Economists expect headline inflation to climb to roughly 3.6%–3.7% from 3.4% in August, a gasoline-driven jump of about 0.6% on the month, while core inflation is seen cooling to around 0.2% month over month. The Fed raised its target range to 3.75%–4.00% on Sept. 16, but September payrolls added just 29,000 jobs, and markets now see roughly a one-in-four chance of another hike in October, with December still largely priced in. What it means for you: A hotter-than-expected print can push bond yields higher, and Canadian fixed mortgage rates follow the 5-year bond. A cooler one eases the pressu...
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Chrystia Freeland Announces Bid for Liberal Leadership

In a significant political move, Chrystia Freeland has announced her candidacy for the leadership of the Liberal Party of Canada. Freeland, who previously served as the finance minister and deputy prime minister, is set to officially launch her campaign this Sunday. Her decision comes after a month of speculation following her resignation from the cabinet.

Freeland's entry into the race is expected to intensify the competition, especially with former Bank of Canada governor Mark Carney also vying for the top spot. If successful, Freeland could become Canada's second female prime minister. Early polling indicates that she is a strong contender, with 29% of Canadians expressing support for her leadership.

Freeland's campaign is likely to focus on key issues such as economic stability and climate change, areas where she has previously shown strong leadership. Her candidacy has already sparked discussions about the future direction of the Liberal Party and Canada's political landscape.



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