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5 Things to Know Today: Alberta Votes to Stay, Inflation Hits 3.1%, BoC Countdown (Oct. 21, 2026)

  Canadian Money Brief | Wednesday, October 21, 2026 Albertans just settled a big political question, inflation edged up on gas and heating costs, and the Bank of Canada decision is one week away. Here are the five things that matter for your money today. 1. Alberta votes decisively to stay in Canada Albertans voted by roughly three to one to remain in Canada in Monday's referendum. Unofficial results put the "remain" side at about 75% to 76% with most votes counted, against about 24% to 25% for starting a process toward a future binding separation vote. The referendum was non-binding. Prime Minister Mark Carney said Albertans made a clear choice for unity, and Premier Danielle Smith welcomed the result. What it means for you: The result removes one layer of political uncertainty hanging over Alberta's energy sector and Canadian assets more broadly. It doesn't change your mortgage rate or your portfolio overnight, but about a quarter of voters backed the other op...
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Ottawa Prioritizes Canadian Steel and Aluminum in Federal Grants


In a significant move to bolster domestic industries, the Canadian government has mandated that all federal grant recipients prioritize the use of Canadian steel and aluminum in their projects. This directive, announced by Industry Minister François-Philippe Champagne, is part of Ottawa's broader strategy to support local manufacturing and counter external trade pressures.

The decision comes amidst ongoing challenges in the global trade landscape, including tariffs imposed by the United States on Canadian steel and aluminum. By emphasizing the use of homegrown materials, the government aims to safeguard jobs, strengthen the national economy, and ensure the sustainability of critical industries.

Minister Champagne highlighted the importance of Canadian steel and aluminum in supporting key sectors such as defense, automotive, and infrastructure. He emphasized that this initiative not only protects Canadian workers but also reinforces the country's commitment to a resilient and self-reliant economy.

This policy shift is expected to have a ripple effect across various industries, encouraging innovation and investment in Canadian manufacturing. It also underscores the government's dedication to fostering a competitive and sustainable industrial base in the face of global challenges.

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