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Markets · 3 Nov 2026Policy rateBank of Canada2.50%YieldsCA 2Y3.26%CA 5Y3.49%+3 bpCA 10Y3.77%+3 bpCanadian dollarCAD/USD0.7146−0.11%CAD/EUR0.6385−0.02%CAD/GBP0.5325−0.15%CAD/JPY113.25+0.34%CryptoBTCUS$80,498+3.84%ETHUS$2,437+6.41%

Morning Brief · Tuesday 3 November

What moved your money on Tuesday.

The day’s stories, what each one means for you, and the view we are prepared to be wrong about.

Read today’s Brief

Earlier Briefs and Insights

Bank of Canada Governor Tiff Macklem speaking at the July 2022 Monetary Policy Report press conferenceMorning Brief · Tue 20 Oct 2026Albertans voted roughly 76% to 24% to remain in Canada, and the Bank of Canada’s business and consumer surveys show inflation expectations rising nine days before the 28 October rate decision.Gas pumps at a filling stationMorning Brief · Wed 14 Oct 2026U.S. CPI rose 3.7% in the year to September, up from 3.4% in August, with gasoline up 34.2% and accounting for more than half of the monthly increase.Entrance of the Service Canada office in the Sinclair Centre in downtown VancouverMorning Brief · Fri 9 Oct 2026Canada lost 68,300 jobs in September, a second straight monthly decline, and the unemployment rate rose to 6.5%, against a Reuters consensus for a gain of 9,200.Container cranes at the Port of Vancouver, seen across the water from Stanley ParkMorning Brief · Wed 7 Oct 2026Canada’s merchandise trade surplus widened to $4.2 billion in August from $787 million in July, with exports to the United States up 8.1% ahead of the 50% US tariffs that took effect on 22 August.The Bank of Canada Building on Wellington Street in OttawaMorning Brief · Fri 25 Sep 2026The Government of Canada 5-year bond yield closed at 3.69% on Thursday, its highest of the year, with the 10-year at 3.97%, as the U.S. 10-year Treasury moved past 5.2% and Fed Governor Barr said further tightening is likely.The Marriner S. Eccles Federal Reserve Board Building on Constitution Avenue in Washington, D.C.Morning Brief · Thu 24 Sep 2026The U.S. 30-year Treasury yield reached 5.39% on Wednesday, its highest since 2004, after the strongest U.S. business survey in five years, and the Government of Canada 10-year followed to about 3.86% while the TSX fell 584 points and the dollar slipped to 70.94 U.S. cents.Tiff Macklem, Governor of the Bank of Canada, speaking at a Bank of Canada eventMorning Brief · Wed 23 Sep 2026Bank of Canada Governor Tiff Macklem said on Monday that the latest U.S. tariffs, which cover about 5% of Canada’s goods exports to the United States, could cut fourth-quarter growth to below 1%, while inflation sits near 3% on fuel prices.The Federal Reserve Bank of New York building in Manhattan’s Financial DistrictMorning Brief · Fri 11 Sep 2026U.S. consumer prices rose 3.4% in the year to August with core inflation up 0.3% in the month, and futures now price about an 86% chance of a Federal Reserve rate hike on 16 September.A crude oil tanker under way at sea, illustrating the oil price move above US$100 a barrelMorning Brief · Thu 10 Sep 2026Brent crude closed near US$101 a barrel on 9 September, its first close above US$100 since July, and this morning the European Central Bank raised rates by 25 basis points while U.S. producer prices came in at 5.4% over the year.Shipping containers and cranes at an industrial portMorning Brief · Wed 9 Sep 2026Canada’s counter-tariffs on $27.6 billion of U.S. goods took effect on Monday, the same week oil returned to US$97 and markets moved to a 60% chance of a U.S. rate hike on 16 September.

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