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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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Flair Airlines Ordered to Pay $67 Million in Unpaid Taxes by Federal Government

                                                                                      

Documents show Flair Airlines, a Canadian budget airline, has been ordered by the federal government to pay $67.2 million in unpaid taxes. The money owed is related to import duties on the 20 Boeing 737 Max jetliners that make up the airline’s fleet. Court documents reveal that the Canada Revenue Agency has obtained an order for the seizure and sale of the carrier’s property.

Flair Airlines CEO Stephen Jones has stated that the company has a deal with the Canada Revenue Agency to pay the taxes and is current with that plan. The Federal Court order obtained by the tax agency in November has no impact on the carrier’s operations, which have expanded over the past year and ramped up competition with rival airlines.

The airline has been in the news recently for its legal battles with leasing manager Airborne Capital and three other leasing firms. Flair Airlines launched a $50-million court action against the four companies, arguing that ongoing demands for payment from the four companies were “baseless”.


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