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EconomyBank of Canada to sharply raise inflation outlook as oil prices stay high, Macklem says

The Bank of Canada expects to raise its quarterly inflation forecast substantially this month, citing persistently high crude oil and petroleum product prices, Governor Tiff Macklem said on Saturday.

Bank of Canadainflationoil prices

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RReuters★★★☆☆2026-10-17 15:45Original

Bank of Canada to sharply raise inflation outlook as oil prices stay high, Macklem says
Bank of Canada to sharply raise inflation outlook as oil prices stay high, Macklem saysEconomy