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5 Things to Know Today: BoC Minutes, U.S. CPI and Cheaper Gas (Nov. 8, 2026)

  Canadian Money Brief • Sunday, November 8, 2026 Markets are closed until Monday, but the week ahead is loaded: two Bank of Canada releases, a key U.S. inflation report and some welcome relief at the pump. Here are five things to know today, and what each means for your wallet. 1. Two Bank of Canada releases land early this week The Bank of Canada publishes its Q3 Market Participants Survey Monday at 10:30 a.m. ET, then the summary of deliberations behind its Oct. 28 rate decision Tuesday at 1:30 p.m. ET. The Bank raised its policy rate 25 basis points to 2.50% that day, its first hike since July 2023, and signalled more tightening was possible if energy costs spill into broader prices. The minutes were written before the post-midterm oil drop, so watch how hawkish the tone is. What it means for you: If you have a variable-rate mortgage or a HELOC, the minutes help show whether another hike is on the table at the next decision on Dec. 9. A hawkish read keeps pressure on borrowin...
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Israel Seeks to Avoid All-Out War Amid Lebanon Tensions

 

In the wake of a deadly rocket strike that killed 12 children and teenagers in the Israeli-occupied Golan Heights, Israeli officials have expressed their intent to avoid escalating the situation into a full-scale war with Lebanon. The strike, which occurred over the weekend, has heightened tensions between Israel and Hezbollah, the Iran-backed militant group based in Lebanon.

Israeli officials have stated that while they aim to deliver a significant response to Hezbollah, they are keen to prevent the conflict from spiraling into a broader regional war. The Israeli security cabinet has authorized Prime Minister Benjamin Netanyahu to determine the timing and manner of the response, with options ranging from targeted strikes on Hezbollah infrastructure to more symbolic attacks on key facilities.

The situation remains volatile, with both sides engaging in cross-border skirmishes. An Israeli drone strike in southern Lebanon on Monday resulted in two fatalities and three injuries, including an infant. Despite these incidents, there is a concerted effort from international leaders to de-escalate the conflict. U.S. Secretary of State Antony Blinken emphasized the importance of restraint and reiterated support for Israel’s right to defend itself while urging both parties to avoid further escalation.

As the region braces for potential retaliation, diplomatic efforts are intensifying to prevent a full-scale war that could have devastating consequences for the Middle East.



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