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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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China Calls for Dialogue Amid Market Turmoil Following US Tariffs

China has responded to the recent market upheaval caused by U.S. President Donald Trump's tariffs, stating that "the market has spoken" in rejecting the trade measures. The tariffs, which include a 34% levy on Chinese goods, have escalated tensions between the world's two largest economies. In retaliation, China imposed similar tariffs on U.S. goods and introduced export restrictions on rare earth materials.

The global stock markets reacted sharply, with significant losses marking the biggest downturn since the pandemic. The S&P 500, for instance, dropped by 9% over the week. Chinese foreign ministry spokesperson Guo Jiakun emphasized the need for "equal-footed consultation" to resolve trade differences and urged the U.S. to reconsider its approach.

Chinese commerce associations have also called for unity in exploring alternative markets, warning that the tariffs could exacerbate inflation in the U.S. and increase the likelihood of a recession. The trade dispute continues to unfold, with both sides showing no immediate signs of backing down.

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