Bank of Canada: Macklem expects higher inflation forecasts
New forecasts and the interest rate decision are due October 28.
Carried forward October 19. Macklem’s October 17 remarks; decision expected October 28.
Tiff Macklem expects higher inflation forecasts, citing elevated oil prices, Reuters reports on October 17. [2]
October 17 remarks
The Bank confirms that its governor met journalists virtually that day, on the sidelines of the IMF meetings in Bangkok. [1]
Energy price pressure
The Canadian Press also reports the warning. It explains that energy disruptions affect gasoline, diesel and heating oil while buffers against the shock, including strategic reserves, are being depleted. [3]
A decision still ahead
Reuters reports that the Bank will assess whether inflation can return to 2% without a rate increase. Forecasts are due October 28; no rate decision has been announced. [2]
Perspectives compared
Sources and documents
- [1] Bank of Canada — roundtable advisory ↗October 17, 2026
- [2] Reuters — Promit Mukherjee / AOL ↗October 17, 2026, 10:01 a.m. ET
- [3] The Canadian Press — Craig Lord / Yahoo Finance ↗October 17, 2026, 3:48 p.m. ET