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5 Things to Know Today: US CPI, BoC Minutes, Oil Below US$90 (Nov. 10)

  Tuesday, November 10, 2026. U.S. inflation data, Bank of Canada minutes and a sharp slide in oil headline your morning. Here is what matters for your wallet. 1. US inflation report lands at 8:30 a.m. ET Economists expect October U.S. consumer prices to rise 0.3% from September, slower than the 0.6% jump the month before, with core prices up 0.2%. There will be no annual rate this time because last year's government shutdown left a gap in the October 2025 data. Strong U.S. jobs numbers on Friday have already pushed the odds of a Fed rate hike on December 9 above 65%. What it means for you: U.S. rate expectations move Canadian bond yields, which set fixed mortgage rates, and they swing the loonie. A hot reading could push yields higher; a cool one could give borrowers a little breathing room. 2. Bank of Canada releases its rate-hike minutes at 1:30 p.m. ET The central bank publishes its summary of deliberations on the October 28 decision, when it raised its policy rate by a qua...
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Senate to Decide Fate of Funding Bill as Shutdown Deadline Looms


In a dramatic turn of events, the U.S. House of Representatives approved a crucial funding bill just hours before the midnight deadline, sending it to the Senate for immediate consideration. The bill, which passed with a vote of 366-34, aims to temporarily fund federal operations and provide disaster aid, but notably excludes an increase in the debt ceiling as demanded by President-elect Donald Trump.

House Speaker Mike Johnson emphasized the importance of avoiding a government shutdown, especially during the holiday season, while acknowledging the challenges posed by Trump's last-minute demands. The bill now faces a critical test in the Senate, where its passage is expected but not guaranteed.

As the clock ticks down, all eyes are on the Senate to see if they can act swiftly enough to prevent a shutdown that would disrupt federal services and impact millions of Americans.




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