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Statistics Canada will publish September inflation data on Monday, the same day the Bank of Canada releases its quarterly surveys of businesses and consumers. RBC's Nathan Janzen expects the annual inflation rate to have held steady around 3%, mainly due to persistently high gasoline prices. He describes the Bank of Canada's Oct. 28 decision as a 'live' meeting where a rate hike is possible but not his base case, as the bank also weighs signs of softness in the labour market and wider economy. Janzen says the bank remains in a wait-and-see mode and is very data dependent.
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- Bendigo and Adelaide Bank Shares Climb Nearly 4 % as Weak Jobs Data Cools Rate Hike Bets Ahead of AGM
Bendigo and Adelaide Bank shares rose nearly 4% on Thursday, closing up 39 Australian cents, or 3.81%, at 10.62 dollars on volume above 3 million shares. The gain followed weaker-than-expected September employment figures from the Australian Bureau of Statistics, including a sharp drop in part-time jobs, which led traders to scale back bets on another Reserve Bank of Australia rate increase after four hikes this year. Rival Bank of Queensland jumped more than 5% on its full-year results, lifting regional lenders, though Bendigo has still fallen about 17% over the past year. In August the bank reported full-year cash earnings up 3% to 530 million dollars and a net interest margin of 1.98%. Its annual general meeting is expected later this month.
- Live updates: Bitcoin tumbles from near $84,000 ahead of U.S. inflation data
Bitcoin dropped back from a brief spike to $84,000 early Wednesday and was down 0.5% at about $83,200. It remains boxed between its 50-day moving average near $81,000 and the $84,000 ceiling, as buyers held the $81,000 area on Tuesday but have not pushed above $84,000 since. Among major cryptocurrencies, ZEC and TRX rose about 1%, HYPE fell 2% to about $81, SOL dropped 1.4% and ether slipped 1% to just under $2,500. FxPro's Alex Kuptsikevich said caution in the Nasdaq 100 is preventing bitcoin from gaining ground, while forecasts point to a slowdown in underlying prices in the September U.S. inflation report.
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- Why Meta's Q3 earnings could be a little hard to interpret
Meta is reporting its third-quarter earnings after the market closes Wednesday, and Yahoo Finance's Brian Sozzi says the report will be hard to interpret. Recent good news on Meta's AI products, including new models and an AI agent, may not appear directly in the results but will likely be discussed on the earnings call. The key uncertainty is how investors will react if Meta raises its capex outlook again: it could be seen as fueling those products, or as overspending on offerings not yet reflected in financials. Sozzi expects the market to give Meta the benefit of the doubt on higher capex, as long as the increase does not shock investors.
- Zerohash rolls out a new tool to move crypto without copying wallet addresses
Zerohash launched AUTH, a service that lets users move crypto, stablecoins and blockchain-based stock tokens between linked exchange accounts or self-custody wallets without copying wallet addresses or choosing a blockchain network. To transfer, users pick an account in an app that offers AUTH, sign in and approve the move, while the service handles routing and settlement and each app sets which assets and transfer types it allows. AUTH supports more than 600 connections, including Coinbase, Robinhood, Gemini, MetaMask and Phantom, with Coinbase, Robinhood and Gemini live and Kraken in beta. The launch comes as Zerohash's application for a national trust bank charter, returned by the Office of the Comptroller of the Currency in July, remains pending after a narrower refiling on Aug. 18.
- 2 charts show why Wall Street is right to worry about tech stocks
Rising cost of capital could affect the financial statements of hyperscalers such as Oracle (ORCL) and Google (GOOG, GOOGL) in 2027, as they need fresh debt to fund AI infrastructure and free cash flow may turn negative. JPMorgan strategist Mislav Matejka forecasts hyperscaler free cash flow will turn negative in 2027, implying credit markets will drive more of the AI build-out. Consensus estimates for 2027 capital expenditures are already rising from levels experts believe are too low. Morgan Stanley sees total 2027 capex among hyperscalers reaching $1.6 trillion, up from $978 billion estimated for this year. Dan Ives of Yorkville expects capex to reach the trillions and over 1,000 datacenters to be built in the next few years.
- Update on loan rate cuts as of the evening of Oct 19: MB, VietinBank, SHB, OCB join in
SHB, MB, VietinBank and OCB have announced loan rate cuts, following Agribank, Vietcombank, BIDV, ACB, LPBank and VietBank, with typical reductions of 1.5-2% per year. MB is cutting 1.5% per year for five priority sectors, to rates from 7.9% per year, and up to 2% in some cases; VietinBank is cutting up to 2% per year, while OCB offers up to 2.25% per year on some medium- and long-term loans for OCB Priority Banking members. SHB is cutting 1.5-2% per year for businesses and households and offers rates from 5.5% per year for lecturers and students at some universities. Vietcombank commits to cutting at least 2% through year-end, BIDV applies rates from 6% per year on short-term VND loans from 15/10/2026, and VietBank runs a VND 3,000 billion package. Specific benefits depend on borrower type, loan purpose, term and program conditions, following directives from the Government and the State Bank of Vietnam.
- Nvidia wins CPU business from Modal, previously exclusive to AMD and Intel
Modal, a San Francisco-based AI cloud startup that previously ran its AI agent workloads only on Intel and AMD processors, will begin using Nvidia's new Vera CPU. Early tests showed the Nvidia chip doubled work capacity for AI agents, and Modal plans to run it alongside Intel and AMD chips, assigning each task to the most efficient hardware, though integration requires substantial software changes. Modal recently raised $750 million in a round led by Accel at a $15.75 billion valuation and expects $1 billion in sales over the next year, with usage tripled and revenue up more than 15 times year-over-year. Nvidia projects at least $20 billion in Vera chip revenue this fiscal year in a market it estimates at about $200 billion, and says OpenAI, Anthropic, Oracle and Perplexity also plan to use the chips.
- America's EV Plans Have Died
Billions of dollars went into EV factories, dealerships and marketing after President Biden set a goal for 50% of new US car sales to be zero-emission by 2030, but EV sales have since fallen sharply. US EV sales dropped 30.7% in the first nine months of 2026, after the $7,500 tax credit expired on September 30 last year, and gas prices near $4.50 per gallon have done little to lift them. According to Kelley Blue Book, the average transaction price of a new EV was $54,754 in August, above the $50,089 average for all new cars. Ford's EV sales fell 80.2% to 6,047 in the third quarter, and it has no new EV planned until its Fathom launches next year, while Tesla holds over 50% of the market and no other major automaker has even 10%. The article says EVs could recover if gas prices reach $5 and stay there for months, but that is uncertain.
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