5 Things to Know Today (Nov 13): Gold Slump, Weak Loonie, BoC Odds & Nvidia

 

Canadian Money Brief • Friday, November 13, 2026

Gold is sliding, the loonie is sagging, and Monday's inflation report looms over the Bank of Canada's next move. Here are the five things Canadians should know before the weekend.

1	Gold slump drags the TSX lower

The S&P/TSX Composite fell 274.53 points (-0.75%) to 36,137.19 on Thursday as materials sank 3.2% and gold dropped about 3% to roughly US$3,878 an ounce, its lowest level in more than a year. Wall Street slipped too: Dow 52,297.09, S&P 500 7,592.40, Nasdaq 25,366.09. The TSX is now about 2.5% below its August record of 37,069. Futures were flat early Friday as gold bounced 0.4%.

What it means for you: Gold miners carry real weight in Canadian index funds. Check how much of your TFSA or RRSP leans on materials, and avoid reacting to a single down day.

2	Loonie slips to a one-month low as US inflation widens the rate gap

The Canadian dollar closed Thursday at US$0.7015 (C$1.4255 per US$1), its weakest close since Oct. 14, after hot US inflation data pushed US rate-hike bets higher. Oil jumped again on attacks on Saudi energy sites: WTI finished near US$88.94 and Brent near US$96.13. The US producer price index for October lands at 8:30 a.m. ET today; the Street expects +0.4% month over month.

What it means for you: At C$1.4255, US$1,000 costs about C$1,426. If you're buying US dollars for winter travel or US-listed investments, consider converting in smaller chunks rather than all at once.

3	Monday's CPI could decide the Bank of Canada's Dec. 9 move

Canada's October inflation report arrives Monday, Nov. 16, the last big data point before the Dec. 9 decision. The Bank raised its policy rate to 2.50% on Oct. 28, and its summary of deliberations said the energy shock alone could hold inflation near 3% for more than a year. Market estimates of another hike on Dec. 9 range from roughly 45% to 64%, depending on the source.

What it means for you: Prime is 4.70% today. A quarter-point hike would add roughly $80 a month in interest per $400,000 of variable-rate debt or HELOC balance.

4	Fixed mortgage rates edge up as bond yields climb

Government of Canada bond yields jumped on Nov. 10 after US yields rose, and the US 10-year closed above 5% on Thursday. The lowest 5-year fixed rates are around 4.44% versus about 3.65% for the lowest variable, and conventional fixed rates are roughly 10 basis points higher than a week ago.

What it means for you: Renewing in the next few months? Get quotes now and ask your lender about a rate hold before bond yields move again.

5	Nvidia's CEO exits, and earnings land Tuesday

Jensen Huang stepped down as Nvidia's CEO this week, and the stock tumbled Thursday before steadying Friday. Nvidia reports third-quarter earnings Tuesday, Nov. 17, with investors asking whether the turmoil shakes the wider AI trade.

What it means for you: Nvidia is a heavyweight in S&P 500 and Nasdaq-100 funds. If you hold US equity ETFs or a target-date fund, you own it. Check your exposure before Tuesday.

On the radar: Canada CPI (Mon, Nov. 16) • Nvidia earnings (Tue, Nov. 17) • Canada jobs report (Fri, Dec. 4) • Bank of Canada and US Fed decisions (Wed, Dec. 9)

Market figures reflect Thursday, Nov. 12 closes and early Friday data from The Canadian Press, Yahoo Finance/TMX, Reuters, Western Producer, Ratehub, The Globe and Mail and Investing.com. Rate-hike odds vary by source and change quickly.

This article is general information, not personalized financial advice. Check current figures and consider speaking with a qualified advisor before making decisions.