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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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Italy Joins Spain in Halting U.S. Military Access Amid Middle East Tensions

 

                                           File photo: Sigonella Air Force base in Sicily 

Italy has joined Spain in blocking U.S. military aircraft from using its territory for Middle East–related operations, signaling growing European reluctance to be drawn into the escalating conflict. 

Italy has refused permission for U.S. military aircraft to land at the Sigonella air base in Sicily for operations linked to the Middle East, becoming the second major European nation after Spain to restrict American military movements. 

According to reports, several U.S. aircraft—reportedly including bombers—were scheduled to land at Sigonella before heading toward the conflict zone. However, Italy denied the request because the United States had not sought prior authorization, nor consulted Italian military leadership as required under existing bilateral agreements. 

The move reflects a broader hesitation among European Union members to become entangled in the intensifying Iran-related conflict. Italy’s government, led by Prime Minister Giorgia Meloni, has stated it would require parliamentary approval for any future requests involving direct military support. Meanwhile, opposition parties have urged the government to prevent any involvement that could escalate regional tensions.

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