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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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Pentagon Weighs Weeks‑Long Ground Operations in Iran Amid Rising Tensions

 

US soldiers cross a floating bridge during a joint river-crossing exercise in South Korea in Yeoncheon.


Pentagon Preparing for Extended Ground Operations in Iran

The Pentagon is laying out plans for weeks of limited ground operations in Iran, according to reporting from The Washington Post and multiple news outlets. These operations, while falling short of a full-scale invasion, would likely involve Special Operations forces and conventional infantry units conducting targeted raids on strategic sites such as Kharg Island and coastal areas near the Strait of Hormuz. 

U.S. officials say the objectives under consideration could take “weeks, not months”, though some estimates extend to a couple of months depending on conditions on the ground. The missions would expose U.S. personnel to significant risks, including Iranian drones, missiles, ground fire, and improvised explosives. 

Whether President Donald Trump will authorize any of these plans remains uncertain. The White House emphasized that Pentagon planning does not indicate a final decision, but rather ensures the Commander in Chief has “maximum optionality.” Meanwhile, thousands of U.S. Marines and soldiers have already been deployed to the Middle East as the conflict enters a more volatile phase. 

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