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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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Rising Middle East Tensions: Key Leaders Assassinated


n a dramatic escalation of Middle East tensions, the leaders of two prominent Iranian-backed groups, Hamas and Hezbollah, were killed in separate attacks within 24 hours. These incidents have sparked fears of a broader regional conflict.

Hamas Leader Assassinated in Tehran

Ismail Haniyeh, the political leader of Hamas, was killed in an airstrike in Tehran on Wednesday. Haniyeh was in Iran to attend the inauguration of the new Iranian president. Hamas quickly blamed Israel for the attack, although Israel has neither confirmed nor denied responsibility. Haniyeh’s death is a significant blow to Hamas, which has been engaged in indirect ceasefire negotiations with Israel, brokered by Qatar, Egypt, and the U.S.

Hezbollah Commander Killed in Beirut

Just hours before Haniyeh’s assassination, Fuad Shukr, a senior Hezbollah commander, was killed in an Israeli strike on the outskirts of Beirut. Hezbollah, a heavily armed militia group based in Lebanon, has long been involved in conflicts with Israel. Shukr’s death further complicates the already tense situation in the region.

Reactions and Implications

Iran’s Supreme Leader, Ayatollah Ali Khamenei, has vowed to seek revenge for Haniyeh’s death, raising the specter of further violence. The U.S. State Department has issued a travel advisory, warning Americans against traveling to Lebanon due to the rising tensions.

These assassinations come at a time when the region is already on edge following a series of violent incidents. The deaths of these key figures are likely to have significant repercussions, potentially undermining ongoing peace efforts and leading to further instability in the Middle East.


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