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5 Things to Know Today: Alberta Votes to Stay, Inflation Hits 3.1%, BoC Countdown (Oct. 21, 2026)

  Canadian Money Brief | Wednesday, October 21, 2026 Albertans just settled a big political question, inflation edged up on gas and heating costs, and the Bank of Canada decision is one week away. Here are the five things that matter for your money today. 1. Alberta votes decisively to stay in Canada Albertans voted by roughly three to one to remain in Canada in Monday's referendum. Unofficial results put the "remain" side at about 75% to 76% with most votes counted, against about 24% to 25% for starting a process toward a future binding separation vote. The referendum was non-binding. Prime Minister Mark Carney said Albertans made a clear choice for unity, and Premier Danielle Smith welcomed the result. What it means for you: The result removes one layer of political uncertainty hanging over Alberta's energy sector and Canadian assets more broadly. It doesn't change your mortgage rate or your portfolio overnight, but about a quarter of voters backed the other op...
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Trudeau and Trump Meet in Florida Amid Tariff Tensions


In a high-stakes diplomatic encounter, Canadian Prime Minister Justin Trudeau met with U.S. President-elect Donald Trump at Mar-a-Lago in Florida on Friday evening. The dinner meeting came just days after Trump announced his intention to impose sweeping tariffs on Canadian and Mexican products, a move that has sparked significant concern on both sides of the border.

Trump has pledged to implement a 25% tariff on all goods entering the United States from Canada and Mexico as one of his first executive orders. This decision, he claims, is aimed at curbing the flow of drugs and illegal migrants across the borders. Trudeau, in response, has warned that such tariffs would not only harm Canadian businesses but also raise prices for American consumers and disrupt the North American trade pact.

The dinner, which included key figures from both administrations, was described as a "positive wide-ranging" discussion that lasted three hours. Topics covered included trade, border security, and the ongoing issues related to fentanyl and migration. Despite the tension, both leaders expressed a willingness to work together to address these challenges.



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