Bank of Canada will raise inflation forecast on oil prices, Macklem says

Governor confirmed the planned revision Saturday, ahead of September inflation data due 19 October 2026.

Nadia Okonkwo

Fed & Economy Correspondent

Share on X

Stands on 24 placed sources from 13 publishers.

Bank of Canada Governor Tiff Macklem stated Saturday the central bank will revise its inflation forecast upward at its next rate announcement, citing elevated global oil prices.^[1]