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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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Tariff Tensions: Trump Threatens 25% on Canadian Goods, Hints at a 10% Oil Levy

 

In a provocative statement aimed at pressuring North American trade partners, President Donald Trump has warned that Canada could face a sweeping 25% tariff on its imports if its policies on border security and drug trafficking remain unchanged. However, in a notable twist, the President suggested that Canadian oil might be subject to a more moderate 10% levy rather than the full tariff rate, a move that could help cushion the blow for one of Canada’s key exports. citeturn0search2

Trump’s remarks underscore his administration’s strategy of using tariffs as a negotiating tool to enforce stricter border controls and compel reforms on issues such as the illegal flow of fentanyl into the United States. While the threat of a 25% tariff has raised concerns among Canadian officials about the potential for retaliatory measures, the possibility of a lower levy on oil imports appears to be a calculated effort to avoid disrupting an energy market that is critical to both economies.

Economic analysts caution that imposing such tariffs could trigger a ripple effect—raising prices for American consumers and unsettling the tightly woven trade ties between the two nations. As both sides prepare for what may be intense negotiations in the coming weeks, the broader implications of this tariff strategy are being closely watched by businesses and policymakers alike.

The coming days are expected to bring heated discussions as Canada and the United States seek a resolution that preserves mutual economic interests while addressing the contentious issues at the border.

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