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Macklem Just Raised the Inflation Alarm: What Monday’s CPI Means for Your Wallet

  Canadian Money Brief  |  Sunday, October 18, 2026  |  Written ahead of Monday’s 8:30 am ET inflation release Bank of Canada Governor Tiff Macklem has just told Canadians what the central bank is about to say on October 28: its inflation forecast is going up, and by a lot. The reason is oil. With the Middle East conflict dragging on, shipments still curtailed and refinery capacity damaged, he said the risk that inflation broadens and lingers has gone up. Speaking to reporters from Bangkok on Saturday, he framed the coming decision as a simple question: will inflation drift back toward 2% on its own, or does the Bank need to raise rates to nudge it there? Monday is the first real clue. Here is what is landing, what economists expect, and what it could mean for your gas bill, your grocery cart, your heating costs and your mortgage. 3.0% August CPI, year over year 3.2% September consensus (Reuters poll) 2.25% BoC policy rate, unchanged for nearly a year Oct 28 Rat...
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Assassination of Hamas Leader in Iran Sparks Fears of Escalation

 

The assassination of Hamas leader Ismail Haniyeh in Tehran has sent shockwaves through the region, raising concerns about potential retaliation and a broader conflict. Haniyeh, a prominent figure in the Palestinian militant group, was killed early Wednesday morning, according to statements from both Hamas and Iranian officials.

The incident has drawn immediate threats of revenge against Israel, further destabilizing a region already grappling with the ongoing war in Gaza and escalating tensions in Lebanon. Iran’s Supreme Leader, Ali Khamenei, has vowed to seek retribution, declaring three days of national mourning.

Haniyeh’s assassination comes amid a fragile ceasefire in Gaza, brokered by international mediators. The killing is seen as a significant escalation, potentially derailing peace efforts and igniting further violence. The Israeli government has not commented on the incident, but the Israeli military is reportedly assessing the situation.

The international community, including U.S. Secretary of State Antony Blinken, has expressed concern over the potential for wider regional conflict. Blinken emphasized the importance of maintaining the ceasefire to prevent further escalation.

As the region braces for possible retaliatory attacks, the assassination of Haniyeh underscores the volatility of the current geopolitical landscape and the urgent need for diplomatic solutions to prevent a broader war.


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