Canada's main index opened lower Monday as higher bond yields and a dip in energy stocks weighed on the market, while investors awaited September inflation data and the Bank of Canada's rate decision next week. Canada's CPI rose 3.1% year over year in September, after a 3.0% increase in August. Reliance Worldwide said no rival bidder emerged during the go-shop period for Brookfield's proposed acquisition of the Australian company, and Brookfield shares fell 22 cents to $36.40. In U.S. trading, the Nasdaq Composite rebounded 1.4% after last week's AI-related rout, while Anthropic's third-quarter revenue of $16.8 billion, up from $11.6 billion in the second quarter, raised investor concerns about the pace of AI build-out growth. The 10-year Treasury yield rose to 5.11%.
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Related tickers and likely impact
USD/CAD
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/16/2026 | 1.41389 |
| Change that session | -0.32% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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