Skip to main content

Featured

Daily Markets Update: BoC Hike Bets Jump to 80%, Alberta Votes to Stay, Brent Near $110

  Tuesday, October 20, 2026  |  Canadian Money Brief  |  Covers Monday, October 19 close Canada's Monday had three things at once: a softer inflation print that didn't calm anyone, a Bank of Canada governor who spent his weekend warning that inflation is broadening, and an Alberta referendum whose votes were being counted after the closing bell. The result for markets was a down day on the TSX, a Bank of Canada hike now priced at roughly 80% for October 28, and oil at a five-month high. Wall Street, meanwhile, bounced hard in tech after last week's AI rout. Top Story: The Bank of Canada Hike Is Now the Base Case Statistics Canada reported that consumer prices rose 3.1% year over year in September , up from 3.0% in August but just below the 3.2% economists expected. The surprise to the downside didn't matter much, because the detail and the context pointed the other way: Gasoline did the damage. Pump prices were up 27.8% from a year earlier. Excluding gasoline,...
Post a Comment
Read more

article

Labels

US Military Strikes Houthi Radar Sites in Yemen Following Merchant Sailor’s Disappearance

 

In a significant escalation of the ongoing conflict, the United States military has launched a series of attacks targeting radar sites operated by Yemen’s Houthi rebels. These strikes come in response to the rebels’ assaults on shipping in the crucial Red Sea corridor. The situation intensified after a merchant sailor went missing following an earlier Houthi strike on a ship.

The U.S. Navy, facing its most intense combat since World War II, aims to counter the Houthi campaign. However, the rebel assaults often endanger ships and sailors unrelated to the conflict, further disrupting cargo and energy shipments between Asia, Europe, and the Middle East.

Central Command reported that seven radars within Houthi-controlled territory were destroyed, preventing the rebels from targeting maritime vessels. Additionally, the U.S. military neutralized two bomb-laden drone boats and a Houthi-launched drone over the Red Sea.

The missing merchant sailor was aboard the Liberian-flagged bulk cargo carrier “Tutor,” which suffered a Houthi attack using a bomb-carrying drone boat. The crew was rescued, but the vessel remains in the Red Sea, slowly taking on water.

As the conflict continues, tensions remain high in the region, impacting global trade and security.

Labels:

Comments

Post a Comment