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5 Things to Know Today: US CPI, BoC Minutes, Oil Below US$90 (Nov. 10)

  Tuesday, November 10, 2026. U.S. inflation data, Bank of Canada minutes and a sharp slide in oil headline your morning. Here is what matters for your wallet. 1. US inflation report lands at 8:30 a.m. ET Economists expect October U.S. consumer prices to rise 0.3% from September, slower than the 0.6% jump the month before, with core prices up 0.2%. There will be no annual rate this time because last year's government shutdown left a gap in the October 2025 data. Strong U.S. jobs numbers on Friday have already pushed the odds of a Fed rate hike on December 9 above 65%. What it means for you: U.S. rate expectations move Canadian bond yields, which set fixed mortgage rates, and they swing the loonie. A hot reading could push yields higher; a cool one could give borrowers a little breathing room. 2. Bank of Canada releases its rate-hike minutes at 1:30 p.m. ET The central bank publishes its summary of deliberations on the October 28 decision, when it raised its policy rate by a qua...
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Freeland and Carney Poised to Enter Liberal Leadership Race

In a significant political development, former finance minister Chrystia Freeland and ex-central banker Mark Carney are expected to enter the race for the Liberal Party leadership. This follows Prime Minister Justin Trudeau's announcement that he will step down once a successor is chosen.

Freeland, who has been a prominent figure in Trudeau's cabinet, is currently leading in public opinion polls. Carney, known for his tenure as the Governor of the Bank of Canada, is also a strong contender. The leadership vote is set for March 9, ahead of the 2025 national elections.

The Liberal Party faces significant challenges, including economic issues and declining support. The new leader will need to address these concerns and devise a strategy to counter the opposition Conservatives.


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