Bank of Canada’s Macklem expects higher inflation outlook as oil prices remain elevated
- Posted on October 17, 2026
- By The Globe and Mail
- 1 Views
- 1 min read
In brief
Bank of Canada Governor Tiff Macklem signals an anticipated rise in inflation projections as crude oil prices maintain elevated levels. With crucial Statistics Canada inflation data and central bank consumer surveys releasing Monday, market participants await pivotal information before the BoC's forthcoming interest-rate decision. These economic indicators will provide essential context for monetary policy direction and inflation trajectory assessment in the Canadian economy.
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Bank of Canada’s Macklem expects higher inflation outlook as oil prices remain elevated
Statscan inflation data for September and BoC surveys coming out Monday, key information ahead of next interest-rate announcement
