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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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Nationwide Protests Seek Unity Against Trump's Sweeping Agenda

As Donald Trump prepared to address a joint session of Congress, protest groups gathered at parks, statehouses, and other public grounds across the country to assail his presidency as dangerous and un-American. The rallies and marches, organized by the fledgling 50501 Movement, mark the latest attempt at national resistance to Trump's "Make America Great Again" base and the success it has had in reshaping the Republican Party in the president's populist image.

Protesters face a myriad of issues to push back against, from tariffs to Trump's reset on the war in Ukraine to the aggressive actions of the Department of Government Efficiency led by billionaire Elon Musk. Demonstrators carried signs addressing various topics, including climate change, education cuts, and vaccine science denial. Events were scheduled throughout the day in all 50 states, including later gatherings on the West Coast and in Hawaii.

In Austin, Texas, protesters showed support for Ukraine by wearing yellow, the color of Ukraine's national flag, and chanting against Trump's policies. The diverse range of issues and the widespread participation highlight the challenges and determination of those opposing Trump's sweeping agenda.


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