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Sunday, November 8, 2026 · UTC
The Markets

Bank of Canada governor warns oil at $100 could push inflation up

Macklem says risk of persistent inflation has increased if oil holds near $100.

Marcus Vance
Markets Reporter
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As of 2026-09-22 03:19 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.
Bank of Canada Governor Tiff Macklem said that if oil prices hold around $100 per barrel, the Bank of Canada expects inflation to rise slightly in the coming months and the risk of inflation becoming more persistent has increased. [1]