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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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Desperation in Gaza: Hunger Crisis Deepens Amid Looting

The Gaza Strip is witnessing a growing hunger crisis, marked by increased looting of food stores and community kitchens. Aid officials report that desperation has surged two months after Israel imposed a blockade on medical, fuel, and food supplies. At least five incidents of looting were recorded recently, including thefts at community kitchens, merchants' stores, and the UN Palestinian refugee agency's main complex.

The looting reflects the dire situation in Gaza, where hunger and hopelessness are spreading rapidly. Community kitchens, which have been lifelines for hundreds of thousands of Palestinians, are now at risk of closure due to dwindling supplies and looting. Acute malnutrition among children is worsening, with thousands of cases identified, including severe instances.

The blockade, enforced since March 2, has led to skyrocketing food prices and shortages of essential items. Aid organizations warn that the situation is reaching unprecedented levels, with humanitarian efforts hindered by operational and security constraints.

The crisis underscores the urgent need for international intervention to address the humanitarian catastrophe unfolding in Gaza.

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