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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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El Salvador Stands Firm on U.S. Deportation Error

 

El Salvador has refused to return Kilmar Abrego Garcia, a Maryland resident mistakenly deported by the United States. President Nayib Bukele made the announcement during a meeting with U.S. President Donald Trump at the White House, dismissing the idea of sending Garcia back as "preposterous". 

The U.S. Supreme Court recently ruled that the Trump administration must facilitate Garcia’s return, acknowledging that his deportation was an administrative error. However, Bukele has insisted that his government will not comply, citing concerns over Garcia’s alleged gang affiliation—an accusation his lawyers strongly deny. 

The case has sparked debate over U.S. immigration policies and international cooperation. While the U.S. government has admitted the mistake, officials argue that they cannot force El Salvador to release Garcia. Meanwhile, human rights advocates continue to push for his return, emphasizing the lack of credible evidence linking him to criminal activity. 

This diplomatic standoff highlights the complexities of immigration enforcement and the challenges of rectifying wrongful deportations. Whether Garcia will be allowed to return to the U.S. remains uncertain as legal and political tensions escalate.

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