The Bank of Canada warns of rate hikes driven by high gasoline prices and oil supply risks. Officials also cited tariffs on aluminum and steel as factors affecting inflation and business confidence in
The Bank of Canada maintained interest rates at 2.25%, citing improved growth and fading inflation linked to energy prices, with forecasts predicting Brent crude to reach $70 per barrel by 2027.
The Bank of Canada is expected to maintain borrowing costs at 2.25% as policymakers weigh inflation risks from rising oil prices against economic weakness following the Strait of Hormuz blockade.
Bank of Canada survey data indicates Middle East tensions have raised inflation expectations and spurred Canadian oil producers to increase investment and production. Rising energy prices and geopolit
The Bank of Canada maintained its key interest rate at 2.25%, citing limited evidence that rising energy prices are fueling broad-based inflation. The central bank noted geopolitical tensions impactin
The Bank of Canada held rates at 2.25% amid geopolitical oil risks and trade uncertainties. Officials indicated that sustained high oil prices could drive rate hikes, directly impacting capital expend
The Bank of Canada maintained its policy rate at 2.25%, warning that sustained high energy prices could necessitate future rate hikes to control inflation.
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