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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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Trump Delays Tariffs on Canada and Mexico to April 2

 

In a recent announcement, U.S. President Donald Trump has postponed the implementation of 25% tariffs on imports from Canada and Mexico to April 2. This decision comes after an initial deadline of March 4 was set earlier this month. The delay was revealed during Trump's first cabinet meeting, where he mentioned his superstition about starting the tariffs on April 1.

The tariffs, which target non-energy goods from Canada and various imports from Mexico, have been a point of contention between the U.S. and its neighboring countries. Canadian officials and premiers have been actively engaging with the Trump administration in an attempt to negotiate a resolution.

The announcement has led to fluctuations in the value of the Canadian dollar and Mexican peso, reflecting the uncertainty surrounding the trade policies. As the new deadline approaches, the focus will be on how Canada and Mexico respond to the U.S. demands and whether further delays or adjustments will be made.



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