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Related tickers and likely impact
USD/CAD
▼ Likely negativeRelevance: 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.
Related news
- Higher gas prices drove inflation up to 3 . 1 % in September : StatCan
Canada's annual inflation rose to 3.1% in September, according to Statistics Canada, as the war in the Middle East kept pushing up gasoline prices. Gasoline prices climbed 27.8% from a year earlier despite the switch to a cheaper winter blend, and fuel oil and other fuels surged 57.8%, hitting Atlantic Canada hard, where many homes use oil heat. Excluding gasoline, consumer prices rose 2.2%. Grocery prices increased 1.7%, the smallest annual gain since May 2024, while beef rose 8.7%. Shelter prices climbed 1.8% from 1.5% in August, led by a 4.9% rise in mortgage insurance.
- Statistics Canada set to release September inflation figures
- Canada inflation : Inflation up to 3 . 1 % in September says StatCan
Statistics Canada said inflation rose to 3.1% year over year in September, as gasoline prices jumped 27.8% despite the switch to a cheaper winter blend; excluding gasoline, prices rose 2.2%. Fuel oil and other fuels surged 57.8%, hitting Atlantic Canada hard. Grocery inflation slowed to 1.7%, the smallest annual increase since May 2024, as fresh vegetable prices fell 2.9%, while shelter prices rose 1.8%. Economists had expected 3.2%. Bank of Canada Governor Tiff Macklem warned that high energy prices raise the risk of broader inflation and said the bank is prepared to raise rates if necessary before its Oct. 28 decision, while CIBC's Andrew Grantham said the data suggests little rush.
- CP NewsAlert : Higher gas prices drove inflation up to 3 . 1 % in September : StatCan
Statistics Canada said annual inflation rose to 3.1% in September, led by a 27.8% jump in gasoline prices from a year earlier as the Middle East war kept pushing up gas prices, despite the switch to cheaper winter gas. Excluding gasoline, consumer prices rose 2.2%, while fuel oil surged 57.8%, hitting Atlantic Canada hard where many homes are heated with oil. Grocery inflation slowed to 1.7%, its smallest yearly increase since May 2024, as fresh vegetables fell 2.9% and sugar and confectionery dropped 2.7%, while beef rose 8.7% after 11% in August. Shelter prices rose 1.8%, up from 1.5% in August, with mortgage insurance up 4.9% and home maintenance and repair costs up 1.2%.
- Canada inflation : StatCan to release September figures today
Canada's annual inflation rose to 3.1% in September, driven by a 27.8% jump in gasoline prices from a year earlier, even with the switch to a cheaper winter blend. Excluding gasoline, consumer prices rose 2.2%, while fuel oil and other fuels surged 57.8%, hitting Atlantic Canada hard. Grocery prices rose 1.7%, the smallest yearly increase since May 2024, though they are up 33% since September 2020. Shelter prices rose 1.8%, up from 1.5% in August, largely due to a 4.9% increase in mortgage insurance.
- Canada inflation: StatCan to release September figures today
Canada's annual inflation rate rose to 3.1% in September, as the war in the Middle East kept pushing up gas prices. Gasoline prices jumped 27.8% from a year earlier, despite the switch to a cheaper winter blend, and fuel oil surged 57.8%, hitting Atlantic Canada hard where many homes use oil heating. Excluding gasoline, consumer prices rose 2.2%. Grocery inflation slowed to 1.7%, the smallest yearly increase since May 2024, as fresh vegetables fell 2.9% and beef's increase eased to 8.7% from 11% in August. Shelter prices rose 1.8% (up from 1.5%), led by a 4.9% jump in mortgage insurance and a 1.2% rise in home maintenance and repair costs.
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- What Is Williams' (WMB) Economic Moat, and Is It Steel or Permits?
Williams (WMB) closed at $71.28 on October 16, with a 0.5% return over 6 months, compared with 10.5% for the Insider Monkey Billionaire Index and 9.3% for the State Street SPDR S&P 500 ETF Trust. The article argues its main advantage is the Transco pipeline, which runs from the Gulf Coast up the eastern seaboard, where several attempts to build new pipe have been abandoned after failing to win approvals. A 39.54% operating margin and 21.50% return on equity are cited as evidence of this advantage, although revenue rose only 7.80% last quarter. Limits noted include debt at 200.37% of equity, rules that also restrict Williams' own growth, and a price of 26.81 times expected next-year earnings. The dividend yields 2.95%.
- Marvell Jumps 6% as GF Securities Says Google Chip Delay Won’t Dent Its Position; Broadcom Rises 3%
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- Is ONEOK (OKE) Cheap at 14 Times Next Year’s Earnings?
ONEOK (NYSE:OKE) closed at $93.31 on October 16 and returned 11.4% over six months, versus 10.5% for the Insider Monkey Billionaire Index. The stock trades at 14.49 times next year's expected earnings and yields 4.59%, and revenue rose 52.80% last quarter as the company grew through acquisitions. The article argues that much of this growth was bought rather than built, with only 13.25% of revenue remaining as operating profit and debt at 143.07% of equity. Because a large part of the business involves buying and reselling liquids rather than earning transport fees, the article views the discount as having a reason behind it. It concludes that investors should watch margins rather than revenue.
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