11/02/2026
Canada Raises Rates. The U.S. Holds Steady. What Does It Mean for Your Wealth? Market News: Week Ending October 30, 2026
🇺🇸 U.S. Economy Strong: GDP grew 3.4% in Q3, beating expectations. Consumer spending and investment remain healthy.
🇺🇸 U.S. Federal Reserve Holds Rates: U.S. Fed kept rates at 3.75%–4.00% with inflation still elevated at 3.7%. Next decision December 8–9.
🇺🇸 U.S. Job Market Solid: Weekly jobless claims fell to 194,000 — the U.S. labor market remains on firm footing.
🍁 Bank of Canada Raises Rates: Canada hiked rates 0.25% to 2.75% — its first increase in over a year — as inflation climbs toward 3.5% by year-end. Next decision December 9th.
🍁 Canadian Wages Outpacing Inflation: Average weekly earnings rose 3.7% year-over-year in August, ahead of the 3.1% inflation rate — a small but welcome win for Canadian workers.
🍁 Canadian GDP Flat: Real GDP was unchanged in August, missing the 0.2% growth forecast. Year-over-year growth slowed to 1.5%.
Read more on our blog below!
Read our weekly market news update for the week ending October 30, 2026!
