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

https://mins.news/en/item/104468

- Reuters, 2026-10-17 15:45 UTC
- Economy
- Original: https://www.reuters.com/world/americas/bank-canada-sees-sharply-higher-inflation-outlook-oil-surges-macklem-says-2026-10-17/?link_source=ta_bluesky_link&taid=6ad3980881b9480001ba6532

> 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.

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