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5 Things to Know Today: US Inflation Day, Canada’s Job Losses and Oil Near $106 | Oct. 14, 2026

  Canadian Money Brief  |  Wednesday, October 14, 2026 Good morning. The biggest number of the day lands at 8:30 a.m. ET, and it could shape where mortgage rates and the loonie go next. Here are the five things worth knowing before you start your day. 1 US inflation report lands at 8:30 a.m. ET September U.S. CPI is the last major inflation reading before the Fed meets Oct. 27–28. Economists expect headline inflation to climb to roughly 3.6%–3.7% from 3.4% in August, a gasoline-driven jump of about 0.6% on the month, while core inflation is seen cooling to around 0.2% month over month. The Fed raised its target range to 3.75%–4.00% on Sept. 16, but September payrolls added just 29,000 jobs, and markets now see roughly a one-in-four chance of another hike in October, with December still largely priced in. What it means for you: A hotter-than-expected print can push bond yields higher, and Canadian fixed mortgage rates follow the 5-year bond. A cooler one eases the pressu...
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Frosty Forecast: Shubenacadie Sam Signals Six More Weeks of Winter

 

In a heartwarming winter tradition, Nova Scotia’s beloved groundhog, Shubenacadie Sam, emerged from her burrow on February 2, 2025, at the Shubenacadie Wildlife Park to deliver her annual prediction. The excited crowd—made up of families bundled in their warmest coats—and thousands tuning in online watched as Sam peeked out into the crisp, frosty morning.

According to age-old folklore, if a groundhog sees her shadow, it means an extended winter is on the horizon. This year, Sam’s brief appearance confirmed that chilly forecast, as she was seen with her shadow, signaling six more weeks of wintry weather ahead. A park spokesperson noted that Sam’s prediction, made at 8 a.m. AST, sets the stage as Nova Scotians prepare for more time to enjoy their snow-covered landscapes before the arrival of spring.

Adding to the day’s festivities, the event coincided with World Wetlands Day—an occasion that highlights the importance of local biodiversity and conservation efforts. The wildlife park offered interactive displays and educational activities, underscoring the region’s commitment to preserving its natural heritage while celebrating this enduring cultural ritual.

Whether or not one believes in the weather-predicting powers of a groundhog, Shubenacadie Sam’s annual forecast remains a cherished part of Nova Scotia’s winter traditions, inviting the community to embrace the season’s beauty and prepare for the extra weeks of winter weather ahead.


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