Category: insight
2 Min read | November 04, 2026

Market Monitor October 2026

  • Commentary
  • Market Monitor
Market Monitor October 2026

Summary:

Higher oil prices push Canadian rates up as AI and household risks grow.

Highlights

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Oil prices climbed back above US$110 a barrel in October as attacks in the Middle East kept tanker traffic through the Strait of Hormuz well below normal. That kept inflation elevated and led to different decisions from the two central banks: the Bank of Canada raised rates, while the Fed held. At the same time, AI companies turned to investors for record amounts of funding, spreading AI risk more widely across portfolios. In Canada, high oil prices are helping energy exports but hurting households, who are paying more at the pump and now on variable-rate loans.

 

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