CANADIAN MONEY BRIEF
5 Things to Know Today
Thursday, November 12, 2026
Stocks rebounded Wednesday, but inflation and interest rates are still driving the story. Here’s what matters for your wallet on Thursday morning.
1TSX bounces back as AI stocks rally
Canada’s main stock index rose 241.27 points, or 0.67%, to 36,411.72 on Wednesday, recovering Tuesday’s 275.81-point slide. On Wall Street, the Nasdaq jumped 1.60% to 25,466.19, the S&P 500 gained 1.31% to 7,619.38 and the Dow added 0.49% to 52,486.49 after CoreWeave’s quarterly results revived the AI trade.
What it means for you: Big up-and-down days are noise for long-term savers. If your RRSP or TFSA is in broad index funds, one rebound doesn’t change the plan, so stick to your regular contribution or rebalancing schedule.
2Hot U.S. inflation pushes yields toward 5%
U.S. consumer prices rose 0.4% in October (forecast: 0.3%) and core prices rose 0.3% (forecast: 0.2%). The 10-year Treasury yield finished Tuesday just under 5%, and Fed Governor Christopher Waller said a half-point hike should be considered at the Dec. 8–9 meeting. Markets now treat a quarter-point Fed hike in December as close to certain.
What it means for you: Canadian bond yields tend to follow U.S. yields, and fixed mortgage rates follow the five-year Government of Canada yield. If you’re renewing or buying soon, ask your lender or broker about a rate hold so you’re protected if rates keep climbing.
3Loonie slips to about 70 cents US
The Canadian dollar traded around 70.2 US cents (C$1.4253 per US$1) early Thursday, near a one-month low. The greenback has been boosted by rising U.S. rate expectations, and the gap between Canadian and U.S. two-year yields widened to about 149 basis points on Tuesday, the widest since Oct. 21.
What it means for you: A weaker loonie makes anything priced in U.S. dollars more expensive: winter trips south, U.S. online orders and USD subscriptions. Build extra room into your U.S.-dollar budgets for now.
4Oil eases on Iran and Ukraine peace-talk hopes
Brent crude settled at US$92.76 on Wednesday and WTI at US$86.53, then both slipped more than US$1 early Thursday as hopes for Iran and Ukraine talks weighed on prices. That’s well below the US$100-plus levels seen in late October.
What it means for you: Lower crude is good news for pump prices and winter heating costs, but prices usually take time to follow oil, and headlines can reverse the move quickly. Don’t count on a sudden drop at the pump.
5BoC leaves the door open to more hikes; CPI is Monday
The Bank of Canada’s summary of deliberations, released Nov. 10, said policymakers see a possible need to raise rates further after the Oct. 28 hike to 2.50%, while taking decisions one meeting at a time. Statistics Canada releases October CPI on Monday, Nov. 16, at 8:30 a.m. ET; September inflation was 3.1%, and Continuum Economics expects a rise to 3.3% led by energy. Swap markets put the odds of a December BoC hike below 50%.
What it means for you: If you have a variable-rate mortgage or a HELOC, Monday’s inflation number will shape expectations for the Dec. 9 decision. It’s a good time to check how much a further quarter-point increase would add to your monthly payment.
On the radar: U.S. producer prices (Fri., Nov. 13) • Canada’s October CPI (Mon., Nov. 16, 8:30 a.m. ET) • Canada’s jobs report (Fri., Dec. 4) • BoC and Fed decisions (Dec. 9).
Market figures are closing levels as reported by The Canadian Press, Reuters and other major outlets; early-Thursday prices are indicative and will change. This content is for information only and is not financial advice.
Comments
Post a Comment