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Macklem Just Raised the Inflation Alarm: What Monday’s CPI Means for Your Wallet

  Canadian Money Brief  |  Sunday, October 18, 2026  |  Written ahead of Monday’s 8:30 am ET inflation release Bank of Canada Governor Tiff Macklem has just told Canadians what the central bank is about to say on October 28: its inflation forecast is going up, and by a lot. The reason is oil. With the Middle East conflict dragging on, shipments still curtailed and refinery capacity damaged, he said the risk that inflation broadens and lingers has gone up. Speaking to reporters from Bangkok on Saturday, he framed the coming decision as a simple question: will inflation drift back toward 2% on its own, or does the Bank need to raise rates to nudge it there? Monday is the first real clue. Here is what is landing, what economists expect, and what it could mean for your gas bill, your grocery cart, your heating costs and your mortgage. 3.0% August CPI, year over year 3.2% September consensus (Reuters poll) 2.25% BoC policy rate, unchanged for nearly a year Oct 28 Rat...
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Valentine's Day: A Timeless Celebration of Love

 

Every February 14, hearts flutter and red roses bloom as people around the world mark a day dedicated to love. While today’s festivities often revolve around exchanging cards, chocolates, and flowers, the origins of Valentine’s Day weave a rich tapestry of history, myth, and transformation.

The roots of the holiday trace back to ancient Rome, where the raucous festival of Lupercalia celebrated fertility with rituals that included animal sacrifices and the pairing off of women with men by lottery. As Christianity spread through the Roman Empire, these pagan customs began to fade. In the late 5th century, the Catholic Church, seeking to offer a more pious alternative, established a feast day in honor of Saint Valentine—a clergyman martyred for defying the emperor’s ban on marriages for soldiers. According to legend, while imprisoned, Valentine miraculously restored the sight of his jailer’s daughter and sent her a parting note signed “from your Valentine,” a sentiment that echoes in today’s love letters and cards.

The medieval period further transformed the holiday’s meaning. English poet Geoffrey Chaucer famously linked February 14 to the beginning of birds’ mating season in his poem "The Parlement of Foules," thus cementing the association between Valentine’s Day and romance. Over the centuries, what started as a somber memorial for a martyr evolved into a vibrant celebration of all forms of love—from romantic partnerships to heartfelt friendships. Today, many cultures add their own unique twists: in Japan, for example, women gift chocolates to men (with the favor returned on White Day), while in the Philippines, mass weddings are held as an expression of communal love. 

Modern Valentine's Day is as much about personal expression as it is about tradition. Beyond the commercial bustle of gift shops and florists, the day invites us to celebrate the people who enrich our lives—be they partners, friends, or family. Whether you're crafting a handmade card, planning a quiet dinner, or even treating yourself to a moment of self-love, Valentine’s Day reminds us that love, in all its forms, remains a timeless and universal language.

Happy Valentine’s Day—may your day be filled with warmth, connection, and a little bit of magic!

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