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5 Things to Know Today: US CPI, BoC Minutes, Oil Below US$90 (Nov. 10)

  Tuesday, November 10, 2026. U.S. inflation data, Bank of Canada minutes and a sharp slide in oil headline your morning. Here is what matters for your wallet. 1. US inflation report lands at 8:30 a.m. ET Economists expect October U.S. consumer prices to rise 0.3% from September, slower than the 0.6% jump the month before, with core prices up 0.2%. There will be no annual rate this time because last year's government shutdown left a gap in the October 2025 data. Strong U.S. jobs numbers on Friday have already pushed the odds of a Fed rate hike on December 9 above 65%. What it means for you: U.S. rate expectations move Canadian bond yields, which set fixed mortgage rates, and they swing the loonie. A hot reading could push yields higher; a cool one could give borrowers a little breathing room. 2. Bank of Canada releases its rate-hike minutes at 1:30 p.m. ET The central bank publishes its summary of deliberations on the October 28 decision, when it raised its policy rate by a qua...
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Trump's Tariff Tango: A Chaotic Dance of Trade Policies

The Trump administration's tariff plans have left many scratching their heads. With a schedule that seems to shift as often as the wind, businesses and governments alike are struggling to keep up. The latest development involves a 25% tariff on Canadian goods, set to take effect on March 4. This move, according to President Trump, is aimed at combating the flow of fentanyl into the United States, despite evidence suggesting that Canada is not a significant source of the drug.

Adding to the confusion, Trump has also announced reciprocal tariffs on all trading partners, scheduled for April 2. These overlapping deadlines and mixed messages have created uncertainty in international trade, a hallmark of Trump's policy approach.

Canadian Prime Minister Justin Trudeau has vowed to retaliate with tariffs on American goods if these measures proceed. Meanwhile, businesses on both sides of the border are bracing for economic turbulence.

The ever-changing nature of these tariffs underscores the unpredictability of the current trade landscape. As deadlines loom, the world watches to see how this high-stakes game of economic brinkmanship will unfold.

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