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5 Things to Know Today: BoC Minutes, U.S. CPI and Cheaper Gas (Nov. 8, 2026)

  Canadian Money Brief • Sunday, November 8, 2026 Markets are closed until Monday, but the week ahead is loaded: two Bank of Canada releases, a key U.S. inflation report and some welcome relief at the pump. Here are five things to know today, and what each means for your wallet. 1. Two Bank of Canada releases land early this week The Bank of Canada publishes its Q3 Market Participants Survey Monday at 10:30 a.m. ET, then the summary of deliberations behind its Oct. 28 rate decision Tuesday at 1:30 p.m. ET. The Bank raised its policy rate 25 basis points to 2.50% that day, its first hike since July 2023, and signalled more tightening was possible if energy costs spill into broader prices. The minutes were written before the post-midterm oil drop, so watch how hawkish the tone is. What it means for you: If you have a variable-rate mortgage or a HELOC, the minutes help show whether another hike is on the table at the next decision on Dec. 9. A hawkish read keeps pressure on borrowin...
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Devastating Earthquake Strikes Myanmar and Thailand, Leaving Over 150 Dead

 

A powerful 7.7 magnitude earthquake struck Myanmar and Thailand on March 28, 2025, causing widespread destruction and loss of life. The epicenter was located near Mandalay, Myanmar's second-largest city, and the tremors were felt as far as Bangkok, Thailand's bustling capital.

In Myanmar, at least 144 people lost their lives, and over 730 were injured. The quake caused buildings, bridges, and even a monastery to collapse, leaving rescue teams scrambling to pull survivors from the rubble. The situation is dire, with blood supplies running low and the death toll expected to rise.

In Thailand, the earthquake claimed at least 10 lives in Bangkok, where a high-rise under construction collapsed, leaving many injured and over 100 people missing. The city's residents were evacuated from high-rise buildings as aftershocks, including one measuring 6.4 magnitude, continued to shake the region.

The disaster has prompted international aid efforts, with the United Nations allocating $5 million to support relief operations. However, the full extent of the damage remains unclear, particularly in Myanmar, which is already grappling with a humanitarian crisis due to ongoing civil conflict.

This tragic event serves as a stark reminder of the vulnerability of the region to seismic activity and the urgent need for disaster preparedness and support.


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