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Tariff-free Canada-U.S. trade not returning, Carney’s top negotiator says. The goal now is to get the lowest tariff rates possible on the widest possible range of goods, Janice Charette said, @TondaMacC reports thestar.com/politics/federal… Find out more at nationalnewswatch.com

Canada, September CPI: 3.1% (gasoline +27.8% from a year earlier). Money markets price about a 75% chance of a 0.25 point Bank of Canada hike on Oct 28. US, September CPI: 3.7%, core 2.6% (BLS). CME FedWatch: above 80% odds of no change at the Oct 27 to 28 Fed meeting. Fair side: US core inflation (2.6%) is lower than the headline, and that's the number the Fed watches most.

Everyone's focused on the price of oil, but what about the price of moving it? The cost to ship oil is 7x higher than a year ago. A new GS report says freight rates have topped $20/barrel! That's been driven by: - $7: Hormuz war-risk premiums - $4: Tankers tied up transferring oil outside the Gulf - $4: Higher ship fuel costs - $3: Rerouting and inefficient shipping - $2: Iran's blocked tanker fleet With Hormuz attacks continuing daily, these prices aren't coming down anytime soon.

Les attentes de hausse des taux s’intensifient avant la décision de la Banque du Canada du 28 octobre. @BMO, @RBC et @DesjardinsCoop prévoient désormais une hausse à 2,50 %, tandis que les marchés évaluent cette probabilité à 87 % après les nouvelles données sur l’inflation et les enquêtes de la Banque. #BanqueDuCanada #TauxHypothécaires canadianmortgagetrends.com/f…

Anthropic signs its first Canadian data center lease in Nova Scotia EverWind will build and own the Point Tupper campus, with Anthropic leasing the 95 MW first phase, due online late 2027, for at least 20 years. A 325 MW expansion with no named tenant is targeted for 2028, subject to approvals, in a C$10B+ campus and wind plan

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