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5 Things to Know Today: US Inflation Day, Canada’s Job Losses and Oil Near $106 | Oct. 14, 2026

  Canadian Money Brief  |  Wednesday, October 14, 2026 Good morning. The biggest number of the day lands at 8:30 a.m. ET, and it could shape where mortgage rates and the loonie go next. Here are the five things worth knowing before you start your day. 1 US inflation report lands at 8:30 a.m. ET September U.S. CPI is the last major inflation reading before the Fed meets Oct. 27–28. Economists expect headline inflation to climb to roughly 3.6%–3.7% from 3.4% in August, a gasoline-driven jump of about 0.6% on the month, while core inflation is seen cooling to around 0.2% month over month. The Fed raised its target range to 3.75%–4.00% on Sept. 16, but September payrolls added just 29,000 jobs, and markets now see roughly a one-in-four chance of another hike in October, with December still largely priced in. What it means for you: A hotter-than-expected print can push bond yields higher, and Canadian fixed mortgage rates follow the 5-year bond. A cooler one eases the pressu...
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South Korean President Faces Treason Investigation and Impeachment Vote

 

In a dramatic turn of events, South Korean police have launched an investigation into President Yoon Suk Yeol on charges of treason. This follows his controversial declaration of martial law earlier this week, which was swiftly revoked after widespread backlash. The investigation, initiated by the National Office of Investigation, stems from complaints filed by the Rebuilding Korea Party and a group of 59 activists.

The declaration of martial law, which sought to consolidate power, ban political activity, and censor the media, was met with immediate outrage both domestically and internationally. President Yoon's actions have led to calls for his impeachment, with the main opposition Democratic Party planning to vote on the motion this Saturday.

The impeachment motion requires a two-thirds majority in the 300-seat parliament to pass, needing at least eight votes from the ruling People Power Party lawmakers. If successful, Prime Minister Han Duck-soo would assume the role of interim head of state while the Constitutional Court reviews the case, a process that could take up to 180 days.

The political turmoil has also seen the resignation of Defense Minister Kim Yong-hyun, who played a key role in the martial law declaration. Kim has been replaced by Choi Byung-hyuk, the South Korean ambassador to Saudi Arabia.

As the nation braces for the upcoming impeachment vote, the investigation into President Yoon's actions continues to unfold, marking a significant moment in South Korea's political landscape.

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