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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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Trump and Putin Set to Discuss Ukraine Ceasefire

Former U.S. President Donald Trump has announced plans to speak with Russian President Vladimir Putin on Tuesday in an effort to negotiate an end to the ongoing war in Ukraine. Speaking aboard Air Force One, Trump expressed optimism about the potential for progress, stating, "We want to see if we can bring that war to an end. Maybe we can, maybe we can't, but I think we have a very good chance".

The discussion is expected to focus on key issues such as territorial disputes and control over power plants, with Trump describing the talks as "dividing up certain assets". This marks a significant diplomatic move as the conflict, now in its third year, continues to devastate Ukraine and strain international relations.

While Trump has faced criticism for his approach to foreign policy, including his perceived affinity for Putin, his efforts to broker peace could serve as a pivotal moment in the conflict. The outcome of the talks remains uncertain, but the world watches closely as the two leaders prepare for this high-stakes conversation.

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