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5 Things to Know Today: Hot U.S. Inflation, BoC Hike Odds, Loonie Slump (Oct. 15)

  Canadian Money Brief | Thursday, October 15, 2026 A hotter-than-expected U.S. inflation print rattled markets Wednesday, just as Canadians wait on their own CPI and a Bank of Canada decision. Here are the five things that matter to your wallet today. 1. Hot U.S. inflation knocks the TSX down 1.1% U.S. consumer prices rose 3.7% in September from a year earlier (up from 3.4% in August), with a 0.6% monthly jump, the biggest in five months; core inflation rose to 2.6% from 2.4%, per the Labor Department. Gasoline jumped 9.1% in the month. CME FedWatch odds of a Fed hike at the Oct. 27-28 meeting roughly doubled but sit near 50-50. The S&P/TSX Composite fell 399.52 points (-1.11%) to 35,584.46 Wednesday, ending a three-day win streak; basic materials sank 4.33%, and all six big banks finished lower. The Nasdaq lost 1.88%. What it means for you: Higher U.S. rates tend to pull Canadian bond yields up too, and that is what fixed mortgage rates follow. If you have a renewal coming,...
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Mark Carney Gains Momentum with Key Endorsements in Liberal Leadership Race

 

Liberal leadership hopeful Mark Carney has secured the endorsements of four more current and former cabinet ministers. On Tuesday, Indigenous Services Minister Patty Hajdu, Crown-Indigenous Relations and Northern Affairs Minister Gary Anandasangaree, and former housing minister Sean Fraser all threw their support behind Carney on social media. 

Environment Minister Steven Guilbeault also endorsed Carney while speaking to reporters at the Liberal cabinet retreat in Montebello, Quebec. Guilbeault praised Carney's experience and background, highlighting their collaboration on issues such as green energy transition and fighting climate change. 

Carney's stance on carbon pricing has been a focal point of his campaign. While he has been a longtime supporter of carbon pricing to combat climate change, he has hinted at a policy shift, suggesting that if the carbon price is to be replaced, it must be with something equally or more effective. 

The Liberal Party will choose a new leader on March 9 to replace Prime Minister Justin Trudeau, who announced his resignation earlier this month. Carney's growing list of endorsements positions him as a strong contender in the leadership race.

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