Monthly Economic & Market Overview November 2026
Last Month’s Economic Events
- U.S. Employment Increased by 29,000 Jobs
- U.S. Unemployment Rate Increased to 4.2%
- Canadian Employment Decreased by -68,300 Jobs
- Canada’s Unemployment Rate Increased to 6.5%
- U.S. Annual Inflation Rate Increased to 3.7%
- Canada’s Annual Inflation Rate Increased to 3.1%
- U.S. Monthly Retail Sales Increased by 0.8%
- Canada’s Monthly Retail Sales Increased by 0.7%
- U.S. Third Quarter GDP Growth Rate Initial Estimate Increased to 3.4%
- United States Federal Funds Rate Unchanged at 4.0%
- Canada’s Overnight Rate Increased to 2.50%
This Month’s Upcoming Economics Events
- November 6: U.S. Bureau of Labour Statistics Non-Farm Payroll (8:30)
- November 6: Bureau of Labour Statistics Unemployment Rate (8:30)
- November 6: Statistics Canada Employment Change (8:30)
- November 6: Statistics Canada Unemployment Rate (8:30)
- November 10: U.S. Bureau of Economic Analysis Inflation Rate (8:30)
- November 16: Statistics Canada Inflation Rate (8:30)
- November 20: Statistics Canada Retail Sales (8:30)
- November 25: U.S. Bureau of Economic Analysis Third Quarter GDP Quarterly Growth Rate Second Estimate (8:30)
- November 30: Statistics Canada Third Quarter GDP Quarterly Growth Rate (8:30)
1 (Source: Bank of Canada)
2(Source: Statistics Canada)
3(Source: United States Bureau of Labour Statistics)
4(Source: United States Bureau of Economic Analysis)
5(Source: United States Federal Reserve)
6(Source: United Census Bureau)
| Last Month’s Market Activity (for October 2026) | ||||
| Monthly Change | 2026 Change | 12 Month Change | Ending Value | |
| Global Stock Markets | ||||
| S&P/TSX Composite (Canada) | 1.09% | 12.32% | 17.71% | 35620.03 |
| Dow Jones Industrial Avg. (U.S) | 1.7% | 7.71% | 8.85% | 51770.31 |
| S&P 500 (U.S.) | -0.93% | 10.73% | 10.82% | 7580.07 |
| Nasdaq Composite (U.S.) | -5.3% | 9.44% | 7.22% | 25437.00 |
| FTSE 100 (U.K) | 1.17% | 8.04% | 10.42% | 10729.78 |
| Dax (Germany) | 2.46% | 5.42% | 7.76% | 25818.21 |
| CAC 40 (France) | 0.06% | -2.21% | -1.87% | 7969.42 |
| Nikkei 225 (Japan) | -5.19% | 25.73% | 20.76% | 63290.11 |
| Nifty 50 (India) | 1.91% | -11.77% | -10.38% | 23053.10 |
| Shanghai Composite (China) | -6.33% | -9.32% | -9.0% | 3599.02 |
| Hang Seng Index (Hong Kong) | -5.36% | -9.11% | -10.08% | 23294.42 |
| Bond Yields & Mortgage Rate (United States) | ||||
| 1 Year Treasury Bill Yield – U.S. | -3.39% | 26.01% | 18.63% | 4.375% |
| 2 Year Treasury Bill Yield – U.S. | -5.76% | 32.13% | 27.18% | 4.592% |
| 5 Year Treasury Bill Yield – U.S. | -6.8% | 26.73% | 27.0% | 4.723% |
| 10 Year Treasury Bill Yield – U.S. | -6.5% | 18.32% | 20.6% | 4.932% |
| 30 Year Mortgage Rate (Average) – U.S. | 1.96% | 17.82% | 17.53% | 7.367% |
| Bond Yields & Prime Rate (Canada) | ||||
| 1 Year Bond Yield – Canada | 0.7% | 24.32% | 29.45% | 3.011% |
| 2 Year Bond Yield – Canada | -2.05% | 27.43% | 35.94% | 3.293% |
| 5 Year Bond Yield – Canada | -4.92% | 20.99% | 32.16% | 3.52% |
| 10 Year Bond Yield – Canada | -4.92% | 10.71% | 22.79% | 3.80% |
| Prime Rate – Canada | 0.0% | 0.0% | -5.32% | 4.45% |
| Currency Rates | ||||
| Canada/US Dollar | 1.87% | -1.76% | 0.11% | $0.716 |
| Euro/US Dollar | -1.47% | -4.95% | -3.47% | $1.116 |
| US Dollar/Indian Rupee | -1.07% | 5.6% | 7.09% | ₹ 94.916 |
| US Dollar Japanese Yen | 0.1% | 0.57% | 2.23% | ¥157.576 |
| US Dollar/Chinese Yuan | -0.71% | -4.81% | -6.37% | ¥6.657 |
| Bitcoin/USD | -8.01% | -12.24% | -29.01% | $76,825.25 |
| Foods/Grains | ||||
| Coffee ($USD/lbs.) | -1.22% | -17.66% | -26.75% | $2.872 |
| Cocoa ($USD/Metric Ton) | 1.62% | -10.07% | -9.97% | $5,454.000 |
| Orange Juice ($USD/lbs.) | -12.33% | -33.9% | -25.47% | $1.330 |
| Sugar ($USD/lbs.) | 4.08% | 29.05% | 35.64% | $0.194 |
| Wheat (USD/Bushel) | -10.73% | 18.98% | 15.07% | $6.033 |
| Corn ($USD/Bushel) | -10.63% | 1.65% | 4.01% | $4.475 |
| Oats ($USD/Bushel) | -17.85% | 13.72% | 21.55% | $3.440 |
| Milk ($USD/lbs.) | 18.47% | 16.29% | 2.02% | $0.177 |
| Materials | ||||
| Lumber ($USD/1000 Board feet) | -3.61% | -3.44% | -4.24% | $520.000 |
| Cotton ($USD/lbs.) | -0.79% | 21.21% | 19.63% | $0.779 |
| Energy | ||||
| Crude Oil (WTI – $USD/Barrel) | 13.9% | 79.36% | 70.03% | $102.990 |
| Natural Gas ($USD/MM British Thermal Units) | -4.82% | -7.99% | -31.51% | $2.880 |
| Metals | ||||
| Gold ($USD/Troy Ounce) | -7.1% | -10.41% | -3.15% | $3,889.400 |
| Silver ($USD/Troy Ounce) | -18.76% | -30.31% | 1.21% | $49.205 |
| Copper ($USD/lbs.) | -2.09% | 14.1% | 27.02% | $6.483 |
| Aluminum ($USD/Metric Ton) | -2.33% | 8.55% | 14.1% | $3,226.250 |
| Steel ($USD/Metric Ton) | 0.72% | -1.45% | -1.95% | $3,060.000 |
| Real Estate | ||||
| Greater Toronto – Real Estate (Composite)1 | -0.9% | -2.69% | -4.7% | $917,600.00 |
| Canada – Real Estate (Composite)1 | -0.9% | -1.20% | -3.4% | $651,400.00 |
| Collectibles | ||||
| Fine Wine 100 Index2 | 1.04% | 2.1% | 3.5% | 322.9 |
| ¹Canadian Real Estate Association Composite Prices ending September 30, 2026. ²Liv-ex Fine Wine 100 Index ending September 30, 2026. *Data provided by FactSet unless otherwise stated as of October 30, 2026, 4:30 PM EST. * This information has been prepared by Desmond Rubie, BCom, FCSI®, CIM®, CFP®, who is a Wealth Advisor for iA Private Wealth Inc. and does not necessarily reflect the opinion of iA Private Wealth. The information contained in this post comes from sources we believe reliable, but we cannot guarantee its accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained herein may not apply to all types of investors. iA Private Wealth Inc. is a member of the Canadian Investor Protection Fund and the Canadian Investment Regulatory Organization. iA Private Wealth is a trademark and a business name under which iA Private Wealth Inc. operates. *Insurance products are provided through iA Private Wealth Insurance, which is a trade name of PPI Management Inc. Only products and services offered through iA Private Wealth Inc. are covered by the Canadian Investor Protection Fund. |
 Desmond Rubie, BCom, FCSI®, CIM®, CFP® Wealth Advisor Rubie Wealth Management Group | iA Private Wealth Insurance Advisor | iA Private Wealth Insurance* 26 Wellington Street East, 2nd FloorToronto, ON M5E 1S2 Direct: 416-203-2228 Office: 416-203-2226 Desmond.Rubie@iaprivatewealth.ca rubiewealth.com |
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