Bank of Canada governor tells committee federal spending is ‘not really’ adding to inflation
Published . Updated .
Key takeaways
Market Call
Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.
Get these market calls by email
The week's biggest market-moving stories, Congress trades and Trump posts, with the tickers they touch. Free, one email a week.
Free. We only use your email to send the digest, never sell or share it, and every email has a one-click unsubscribe link. See our privacy policy.
Tiff Macklem declined to say whether missed fiscal targets threaten investor confidence as MPs pressed him days before the federal budget.
Directly affected
- No company is named in this report.
Indirectly affected
- TIP iShares TIPS Bond ETF-0.1% 30d
iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.
- XLP Consumer Staples Select Sector SPDR-2.8% 14d
Consumer Staples Select Sector SPDR: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.
- EWC iShares MSCI Canada ETF+0.9% 30d
iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canada”).
- BWX SPDR Bloomberg International Treasury Bond ETF
SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in Canada
- EFA iShares MSCI EAFE ETF-1.5% 9d
iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Canada
- WMT Walmart+12.9% 30d
Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.
- COST Costco Wholesale+12.7% 30d
Costco Wholesale (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.
- PG The Procter & Gamble+9.2% 30d
The Procter & Gamble (soap, detergents, cleang preparations, perfumes, cosmetics): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| TIP | +0.16% | +0.57% | base | after close | after close | after close | after close |
| XLP | -2.35% | +0.52% | base | after close | after close | after close | after close |
| EWC | +2.17% | +0.68% | base | after close | after close | after close | after close |
| BWX | +0.16% | +0.49% | base | after close | after close | after close | after close |
| EFA | +0.59% | +0.25% | base | after close | after close | after close | after close |
| WMT | -4.79% | -1.04% | base | after close | after close | after close | after close |
| COST | -3.61% | -0.67% | base | after close | after close | after close | after close |
| PG | -2.31% | -0.30% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Bank of Canada governor tells committee federal spending is ‘not really’ adding to inflation The Hub | More Signal. Less Noise.
The price since 4 Nov 2026: Ishares Tr (TIP) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| Spdr Series Trust (BWX) | three days earlier | +0.49% | final price |
| Spdr Series Trust (BWX) | five days earlier | +0.16% | final price |
| Costco Wholesale (COST) | three days earlier | -0.67% | final price |
| Costco Wholesale (COST) | five days earlier | -3.61% | final price |
| Ishares Tr (EFA) | three days earlier | +0.25% | final price |
| Ishares Tr (EFA) | five days earlier | +0.59% | final price |
| Ishares Msci Canada Etf (EWC) | three days earlier | +0.68% | final price |
| Ishares Msci Canada Etf (EWC) | five days earlier | +2.17% | final price |
| Procter & Gamble (PG) | three days earlier | -0.30% | final price |
| Procter & Gamble (PG) | five days earlier | -2.31% | final price |
| Ishares Tr (TIP) | three days earlier | +0.57% | final price |
| Ishares Tr (TIP) | five days earlier | +0.16% | final price |
| Walmart (WMT) | three days earlier | -1.04% | final price |
| Walmart (WMT) | five days earlier | -4.79% | final price |
| Select Sector Spdr Tr (XLP) | three days earlier | +0.52% | final price |
| Select Sector Spdr Tr (XLP) | five days earlier | -2.35% | final price |
Congressional trades in the stocks in this story
- Sen. John Boozman sold Ishares Tr (EFA) (jointly held), worth $1,001 - $15,000 on 9 Sep 2026. That is 56 days before publication. Filed 21 Oct 2026. View the filing.
- Rep. Pete Sessions sold Walmart (WMT) (held by a spouse), worth $50,001 - $100,000 on 2 Oct 2026. That is 33 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Jonathan Jackson sold Walmart (WMT) (jointly held), worth $50,001 - $100,000 on 28 Sep 2026. That is 37 days before publication. Filed 19 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Walmart (WMT) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 40 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Pete Sessions sold Costco Wholesale (COST), worth $100,001 - $250,000 on 13 Oct 2026. That is 22 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Pete Sessions sold Costco Wholesale (COST) (held by a spouse), worth $250,001 - $500,000 on 2 Oct 2026. That is 33 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Costco Wholesale (COST) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 40 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. David J. Taylor sold Procter & Gamble (PG), worth $1,001 - $15,000 on 12 Oct 2026. That is 23 days before publication. Filed 15 Oct 2026. View the filing.
- Rep. Pete Sessions sold Procter & Gamble (PG), worth $1,001 - $15,000 on 8 Oct 2026. That is 27 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Procter & Gamble (PG) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 40 days before publication. Filed 7 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Ishares Tr (TIP)
Companies tied to this story
- TIP Ishares Tr
For “Bank of Canada governor tells committee federal spending is ‘not really’ adding to inflation,” Ishares Tr (TIP) is linked, with no stored direction, medium confidence. Reason on file: iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story
- XLP Select Sector Spdr Tr
For “Bank of Canada governor tells committee federal spending is ‘not really’ adding to inflation,” Select Sector Spdr Tr (XLP) is linked, with no stored direction, medium confidence. Reason on file: Consumer Staples Select Sector SPDR: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story
- EWC Ishares Msci Canada Etf
For “Bank of Canada governor tells committee federal spending is ‘not really’ adding to inflation,” Ishares Msci Canada Etf (EWC) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canada”)
- BWX Spdr Series Trust
Spdr Series Trust (BWX) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Bank of Canada governor tells committee federal spending is ‘not really’ adding to inflation.” Reason on file: SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in Canada
- EFA Ishares Tr
For “Bank of Canada governor tells committee federal spending is ‘not really’ adding to inflation,” Ishares Tr (EFA) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Canada
- WMT Walmart
For “Bank of Canada governor tells committee federal spending is ‘not really’ adding to inflation,” Walmart (WMT) is linked, with no stored direction, medium confidence. Reason on file: Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story
- COST Costco Wholesale
In “Bank of Canada governor tells committee federal spending is ‘not really’ adding to inflation,” Costco Wholesale (COST) is linked, with no stored direction, medium confidence. Reason on file: Costco Wholesale (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story
- PG Procter & Gamble
In “Bank of Canada governor tells committee federal spending is ‘not really’ adding to inflation,” Procter & Gamble (PG) is linked, with no stored direction, medium confidence. Reason on file: The Procter & Gamble (soap, detergents, cleang preparations, perfumes, cosmetics): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story
Ishares Tr (TIP)
Ishares Tr (TIP) is the company in “Bank of Canada governor tells committee federal spending is ‘not really’ adding to inflation,” the 4 Nov 2026 this story story.
Ishares Tr (TIP) is on the page because iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story
A second company, Select Sector Spdr Tr (XLP), is listed for a different reason: Consumer Staples Select Sector SPDR: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story
The price range for Ishares Tr (TIP), and the dates in the story
EWC traded between 57.81 and 61.73 across 20 sessions. The latest close on file is 60.20. TIP traded between 103.77 and 105.67 across 20 sessions. The latest close on file is 105.27. XLP traded between 80.10 and 83.07 across 11 sessions. The latest close on file is 81.02.
What the saved facts support for Ishares Tr (TIP)
54 out of 100
“Bank of Canada governor tells committee federal spending is ‘not really’ adding to inflation” scores 54 out of 100. The score uses 2 sources, and 8 linked companies.