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5 Things to Know Today: BoC Minutes, U.S. CPI and Cheaper Gas (Nov. 8, 2026)

  Canadian Money Brief • Sunday, November 8, 2026 Markets are closed until Monday, but the week ahead is loaded: two Bank of Canada releases, a key U.S. inflation report and some welcome relief at the pump. Here are five things to know today, and what each means for your wallet. 1. Two Bank of Canada releases land early this week The Bank of Canada publishes its Q3 Market Participants Survey Monday at 10:30 a.m. ET, then the summary of deliberations behind its Oct. 28 rate decision Tuesday at 1:30 p.m. ET. The Bank raised its policy rate 25 basis points to 2.50% that day, its first hike since July 2023, and signalled more tightening was possible if energy costs spill into broader prices. The minutes were written before the post-midterm oil drop, so watch how hawkish the tone is. What it means for you: If you have a variable-rate mortgage or a HELOC, the minutes help show whether another hike is on the table at the next decision on Dec. 9. A hawkish read keeps pressure on borrowin...
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Sweeping Layoffs Reshape the US Department of Health and Human Services

In a significant restructuring move, the US Department of Health and Human Services (HHS) has initiated mass layoffs, with up to 10,000 employees expected to be affected. Notices of dismissal began circulating on Tuesday, marking the start of a major overhaul aimed at streamlining the department's operations. This reduction follows a series of executive actions, including the revocation of collective bargaining rights for federal health agency workers.

The layoffs span multiple agencies under HHS, including the Centers for Disease Control and Prevention (CDC), the Food and Drug Administration (FDA), and the National Institutes of Health (NIH). Critics warn that these cuts could undermine the nation's ability to respond to health emergencies and ongoing disease threats. Health Secretary Robert F. Kennedy Jr. defended the move, describing it as a necessary step to improve efficiency and reduce bureaucracy.

The restructuring also includes the creation of a new office, the Administration for a Healthy America, which will consolidate several programs. While the administration argues that these changes will lead to better outcomes with fewer resources, concerns about the potential impact on public health services remain high.

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