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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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Pope Leo XIV Calls for Church to Illuminate the World in First Mass

 

 In his first Mass as pontiff, Pope Leo XIV urged the Catholic Church to serve as a guiding light in a world facing spiritual darkness. Speaking in the Sistine Chapel, where he was elected less than 24 hours earlier, the newly appointed pope emphasized the importance of faith and outreach.

Leo XIV, formerly Cardinal Robert Prevost, is the first American pope in the Church’s history. During his homily, he acknowledged the challenges of modern society, where faith is often dismissed or misunderstood. He expressed his vision for the Church as a beacon of hope, illuminating the “dark nights” of the world and offering guidance to those searching for meaning.

Dressed in simple white and gold vestments, Pope Leo XIV spoke briefly in English before continuing his homily in Italian. He described his role as a “faithful administrator” of the Church and called on Catholics to embrace their mission with joy and conviction.

The Mass was attended by over 130 cardinals, who had gathered for the conclave that elected Leo XIV as the 267th pope. Following the service, the new pontiff was scheduled to have lunch with the cardinals before they departed for their respective dioceses.

Leo XIV’s election marks a historic moment for the Catholic Church, and his first words as pope suggest a commitment to unity, faith, and renewal. As he embarks on his papacy, many will be watching to see how he leads the Church into this new chapter.

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