The Weekly Bottom Line: BoC Fears Spectre of Inflation
Published . Updated .
Just before Halloween, there were no tricks in the Bank of Canada’s bag this week. They did what markets were expecting and hiked their policy rate by 25 basis points. Mind you, they took this step even with slack still haunting the job market. They also raised rates with little
Directly affected
- No company is named in this report.
Indirectly affected
- EWC iShares MSCI Canada ETF+2.1% 30d
iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“boc”).
- 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-2.2% 11d
iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Canada
- RY Royal Bank of Canada
Royal Bank of Canada (commercial banks) is one of the largest Canada-based companies traded in the US, so news about Canada (“boc”) reaches its shares.
- BNS The Bank of Nova Scotia
The Bank of Nova Scotia (state commercial banks) is one of the largest Canada-based companies traded in the US, so news about Canada (“boc”) reaches its shares.
- ENB Enbridge+4.0% 30d
Enbridge (pipe lines (no natural gas)) is one of the largest Canada-based companies traded in the US, so news about Canada (“boc”) reaches its shares.
- SU Suncor Energy
Suncor Energy (petroleum refining) is one of the largest Canada-based companies traded in the US, so news about Canada (“boc”) reaches its shares.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| EWC | +0.40% | +1.48% | base | after close | after close | after close | after close |
| BWXNo price data for this ticker | — | — | — | — | — | — | — |
| EFANo price data for this ticker | — | — | — | — | — | — | — |
| RYNo price data for this ticker | — | — | — | — | — | — | — |
| BNS | -0.50% | +0.78% | base | after close | after close | after close | after close |
| ENBNo price data for this ticker | — | — | — | — | — | — | — |
| SUNo price data for this ticker | — | — | — | — | — | — | — |
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.
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The Weekly Bottom Line: BoC Fears Spectre of Inflation Action Forex
Source: Action Forex
Price since this story was published: Ishares Msci Canada Etf (EWC)
| Company | When | Move | Status |
|---|---|---|---|
| Bank Of Nova Scotia (BNS) | three days earlier | +0.78% | final price |
| Bank Of Nova Scotia (BNS) | five days earlier | -0.50% | final price |
| Ishares Msci Canada Etf (EWC) | three days earlier | +1.48% | final price |
| Ishares Msci Canada Etf (EWC) | five days earlier | +0.40% | 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 52 days before publication. Filed 21 Oct 2026. View the filing.
- Rep. Sheri Biggs bought Bank Of Nova Scotia (BNS) (held by a spouse), worth $500,001 - $1,000,000 on 1 Sep 2026. That is 60 days before publication. Filed 22 Sep 2026. View the filing.
- Rep. Sheri Biggs sold Bank Of Nova Scotia (BNS) (held by a spouse), worth $500,001 - $1,000,000 on 19 Aug 2026. That is 73 days before publication. Filed 22 Sep 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 is named in “The Weekly Bottom Line: BoC Fears Spectre of Inflation”
Companies mentioned with this story
- EWC Ishares Msci Canada Etf
For “The Weekly Bottom Line: BoC Fears Spectre of 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 (“boc”)
- BWX Spdr Series Trust
Spdr Series Trust (BWX) is linked, with no stored direction, medium confidence in the 31 Oct 2026 story “The Weekly Bottom Line: BoC Fears Spectre of 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
In “The Weekly Bottom Line: BoC Fears Spectre of 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
- RY Royal Bank Of Canada
In “The Weekly Bottom Line: BoC Fears Spectre of Inflation,” Royal Bank Of Canada (RY) is linked, with no stored direction, medium confidence. Reason on file: Royal Bank of Canada (commercial banks) is one of the largest Canada-based companies traded in the US, so news about Canada (“boc”) reaches its shares
- BNS Bank Of Nova Scotia
In “The Weekly Bottom Line: BoC Fears Spectre of Inflation,” Bank Of Nova Scotia (BNS) is linked, with no stored direction, medium confidence. Reason on file: The Bank of Nova Scotia (state commercial banks) is one of the largest Canada-based companies traded in the US, so news about Canada (“boc”) reaches its shares
- ENB Enbridge
Enbridge (ENB) is linked, with no stored direction, medium confidence in the 31 Oct 2026 story “The Weekly Bottom Line: BoC Fears Spectre of Inflation.” Reason on file: Enbridge (pipe lines (no natural gas)) is one of the largest Canada-based companies traded in the US, so news about Canada (“boc”) reaches its shares
- SU Suncor Energy
Suncor Energy (SU) is linked, with no stored direction, medium confidence in the 31 Oct 2026 story “The Weekly Bottom Line: BoC Fears Spectre of Inflation.” Reason on file: Suncor Energy (petroleum refining) is one of the largest Canada-based companies traded in the US, so news about Canada (“boc”) reaches its shares
How “The Weekly Bottom Line: BoC Fears Spectre of Inflation” reaches Ishares Msci Canada Etf (EWC)
On 31 Oct 2026, “The Weekly Bottom Line: BoC Fears Spectre of Inflation” is the story that connects Ishares Msci Canada Etf (EWC) to this story.
For Ishares Msci Canada Etf (EWC), the reason on file says iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“boc”)
A second company, Spdr Series Trust (BWX), is listed for a different reason: 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
The price range for Ishares Msci Canada Etf (EWC), and the dates in the story
EFA traded between 102.00 and 106.39 across 8 sessions. The latest close on file is 103.46. EWC traded between 57.81 and 61.73 across 20 sessions. The latest close on file is 61.52.
How solid “The Weekly Bottom Line: BoC Fears Spectre of Inflation” looks
46 out of 100
“The Weekly Bottom Line: BoC Fears Spectre of Inflation” scores 46 out of 100. The score uses 1 sources, and 7 linked companies.