20-October-2026
Economy News
 
Bank of Canada Sees Sharply Higher Inflation Outlook as Oil Surges, Macklem Says
19-Oct-2026

The Bank of Canada expects to raise its quarterly inflation forecast significantly this month owing to persistently high crude oil and petroleum product prices, Governor Tiff Macklem said on Saturday. New quarterly inflation and growth forecasts will feed into the BoC's rate decision on October 28.

News Source:- https://money.usnews.com/investing/news/articles/2026-10-17/bank-of-canada-sees-sharply-higher-inflation-outlook-as-oil-surges-macklem-says