China SC crude 2612 contract fell 1.84% intraday to 709.7 yuan/barrel. Open interest rose by more than 1,000 lots, with prices down while positions increased.

Oct 16 — HKEX said China government bonds will be accepted as eligible non-cash collateral for margin at Hong Kong Futures Settlement Limited and the HKEX Options Clearing House from Nov. 2, 2026, after rule amendments were approved by the Securities and Futures Commission. Eligible instruments include Ministry of Finance bonds issued mainly to international investors and Bond Connect bonds traded on the China interbank bond market issued by the Ministry of Finance or policy banks.

Statistics Canada will release September CPI at 08:30 Ottawa time Monday, followed by the Bank of Canada’s latest Business and Consumer Outlook Survey. Those are the final major data points ahead of the BoC’s Oct. 28 policy decision and could shape how policymakers weigh oil-driven inflation risk and rising trade tensions. The BoC has held its policy rate at 2.25% for seven consecutive meetings but has warned that prolonged high gasoline prices raise the risk of broader price-setting. Dovish strategists point to September’s weaker jobs print—job losses and a higher unemployment rate—but if Monday’s releases show persistent price pressure and a stabilizing economy, the soft labour data may not be enough to rule out a rate hike.