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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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Trump Orders Expansion of Migrant Facility at Guantanamo Bay

In a move that has sparked significant debate, President Donald Trump announced on Wednesday that he will sign an executive order instructing the Pentagon and the Department of Homeland Security to prepare a migrant facility at Guantanamo Bay. This directive aims to expand the existing Migrant Operations Center to full capacity, providing additional detention space for high-priority criminal aliens unlawfully present in the United States.

Trump's announcement came during the signing ceremony for the Laken Riley Act, an immigration detention measure. He emphasized the need to halt what he described as a "border invasion" and mentioned that the facility at Guantanamo Bay has 30,000 beds to detain the worst criminal illegal aliens. Homeland Security Secretary Kristi Noem supported the move, stating that resources could be established for the "worst of the worst" at Guantanamo Bay.

The decision to use Guantanamo Bay, a site historically associated with the detention of terrorism suspects, has raised eyebrows and concerns among various officials and human rights advocates. The facility, which became a detention site in 2002 under President George W. Bush, has been a contentious issue for years, with former Presidents Joe Biden and Barack Obama both attempting to shut it down during their terms.

The announcement has caught many officials at the Pentagon off guard, with some expressing uncertainty about the number of beds currently available for migrants and whether this would be a short- or long-term mission. The move is part of Trump's broader efforts to crack down on illegal immigration, which has been a central theme of his political career.


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