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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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NDP Won’t Support Liberal $250 Rebate Plan Unless Eligibility Expanded: Singh


NDP Leader Jagmeet Singh has announced that his party will not support the Liberal government's $250 rebate plan unless it is expanded to include the most vulnerable Canadians. The current proposal, part of a broader affordability package, aims to provide $250 to more than 18.7 million Canadians who earned less than $150,000 in 2023.

Singh emphasized that the rebate should also cover seniors, students, people on disability benefits, and those who were unable to work last year. He initially supported the idea, believing it would benefit anyone earning under $150,000, but the current plan only includes those who had an income.

Finance Minister Chrystia Freeland's office responded, stating that it is "categorically false" to say seniors and people with disabilities are excluded, as many of them work and would qualify if they meet the income criteria.

The proposed measures are set to be included in the fall economic statement, with the GST holiday beginning in mid-December and lasting for two months.




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