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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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Carney and Trump: A Critical Trade Discussion Amid Optimis

 

As former Bank of England governor Mark Carney prepares to meet with former U.S. President Donald Trump to discuss trade relations, experts are cautiously optimistic about potential progress. While previous U.S.-Canada trade negotiations have had their challenges, Carney’s extensive economic expertise and diplomatic approach may open new doors.  

Economists suggest that a renewed focus on balanced trade policies could benefit both nations, particularly in sectors like energy, technology, and manufacturing. Whether Carney can successfully navigate Trump’s unpredictable approach to deal-making remains to be seen. However, early indications suggest the conversation could bring some much-needed clarity to North American trade relations.  



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