Canadians are starting to feel the economic crunch as the Bank of Canada continues to try and combat inflation more stubborn than a toddler before naptime. 

Canadian household wealth dropped by ~$900 billion in Q2 of this year, which, as the largest quarterly drop seen on record, is kind of a big deal.  

The Bank of Canada (BoC) surprised markets after hiking rates by 0.5 of a percentage point yesterday (bringing the base rate to 3.75%), below the 0.75 hike most economists expected.

Saudi Arabia’s Future Investment Initiative (FII) is bringing together the who’s who of global finance in Riyadh to talk shop, despite the icy chill hanging over Western relations.  

It’s official: British Prime Minister Liz Truss did not outlast the lettuce. 

After six weeks in office (the shortest tenure for a British prime minister), Truss was forced to resign in the wake of economic turmoil caused by her disastrous “mini-budget”.

Another inflation report, another mixed bag of news. 

US core inflation hit a four-decade high last month, which, to be clear, is the opposite of what Jerome Powell & Friends need to prove their plan to cool the economy and achieve a “soft landing” is working. 

Driving the news: The core measure of the consumer price index–which excludes volatile energy and food prices–surged by 6.6% year-over-year last month, up from 6.3% in August.

Seven months into the Bank of Canada’s rate hike spree, some Canadians are already taking to their local parks to protest higher interest rates on their mortgages. 

Driving the news: A recent video has left the internet feeling anything but sorry for a group of real estate investors (“yes I own multiple properties, but…”) protesting higher borrowing costs which have a particular impact on people who loaded up on debt buy properties.