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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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Markets Steady as Oil Rises on Middle East Tensions


Markets are mixed this morning, with oil climbing on renewed Middle East tensions while equities hold steady ahead of a pivotal week for earnings and central bank signals.

Global markets opened cautiously today as geopolitical tensions and stalled Iran peace talks pushed oil prices higher, keeping investors on edge. S&P 500 futures hovered near flat, while Nasdaq-100 futures ticked up 0.2% and Dow futures slipped slightly. The backdrop remains dominated by uncertainty in the Strait of Hormuz, where fresh disruptions have lifted crude benchmarks.

Oil markets are firming, with West Texas Intermediate climbing above US$96 per barrel and Brent surpassing US$107, reflecting supply concerns tied to regional instability. 

On the corporate front, investors are bracing for a heavy week of earnings from major tech names—five of the “Magnificent Seven” report in the coming days—adding to market sensitivity. Meanwhile, attention is turning to the Federal Reserve’s upcoming policy decision, which could be Jerome Powell’s final meeting as chair before Kevin Warsh steps in. 

Despite geopolitical headwinds, April remains a strong month for equities, with the S&P 500 up more than 9% and the Nasdaq up over 15% month-to-date. 


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