Bank of Canada: Macklem expects higher inflation forecasts
New forecasts and the interest rate decision are due October 28.
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Updated at 06:03 AM ET · Quebec time
New forecasts and the interest rate decision are due October 28.
Read the article


October 18 edition: one new report on Canada’s inflation outlook; four updates on Alberta’s voting calendar, Stelco, Russian sanctions and the California election dispute. Five reports are carried forward with their original dates.

New forecasts and the interest rate decision are due October 28.
Read the article ↗New October 18 report on the October 17 remarks.
ForecastsMacklem signals an upward revision. [2]
EnergyDisruptions sustain pressure on prices. [3]
CalendarNext decision and forecasts on October 28. [2]

Voting day is October 19; the question on the province’s future remains advisory.
Read the article ↗Calendar updated October 18: advance voting has ended; election day is October 19. Participation figures remain dated October 15.
CalendarAdvance voting ended October 17; election day is October 19. [3]
UnityCarney urges remaining in Canada. [2]
AutonomySmith supports the other nine proposals. [2]

Joly invokes the Investment Canada Act; Stelco denies breaching its commitments.
Read the article ↗Updated October 18 with Joly’s October 16 remarks and the legal framework.
OptionsJoly raises legal remedies and possible nationalization. [13]
CourtThe law provides for orders under specified conditions. [14]
DisputeStelco denies breaching its commitments. [10]

Long-term funding for other care remains under discussion.
Read the article ↗Carried forward October 18. October 16 meeting and commitments.
MedicinesC$500 million in annual funding maintained. [1]
Other careA one-year extension of separate funding. [2]
Next stepAnother meeting planned before the end of 2026. [1]

The October 8 announcement provides up to CAD 10,000 depending on income; details remain unfinished.
Read the article ↗Carried forward October 18. October 8 announcement; program planned for early 2027.
Announced supportUp to 820,000 households targeted. [1]
EligibilityAmounts depend partly on income. [2]
ImplementationA future launch and no universal savings guarantee. [3]

The October 16 US executive order remains the governing text.
Read the article ↗Updated October 18 with October 17 reactions; the executive order remains dated October 16.
ReactionsZelensky urges sanctions; Trump defends his decision. [16]
SanctionsGraham Act waivers; earlier measures preserved. [14]
ForecastInventory replenishment remains uncertain before the second half of 2027. [11]

Local officials continue to dispute suspicions of noncitizenship.
Read the article ↗Updated October 18 with Trump’s October 16 remarks and the data review reported October 17.
WarningTrump escalates the threat; no guilt established. [5]
ResponseThe data and methodology are disputed. [2]
RightsNaturalized citizens could be wrongly flagged. [3]

Gasoline contributes heavily to the monthly price increase.
Read the article ↗Carried forward October 18. September data released October 14.
MeasurementTwo time frames: monthly and annual. [1]
HouseholdsRising prices weigh on budgets. [2]
RatesAn expectation is not a decision. [2]

Social Security and SSI follow different payment schedules.
Read the article ↗Carried forward October 18. October 14 announcement of an increase for 2027.
TimingEffective dates vary by program. [1]
CalculationCPI-W is the reference index. [2]
ComparisonThe previous adjustment was 2.8%. [2]

On October 11, Mohsen Rezaei set out Iran’s position; no joint agreement is established.
Read the article ↗Carried forward October 18. Iranian position stated October 11; negotiations report carried forward.
Iranian positionResponse called inadequate on October 11. [20]
Limits of corroborationPublic remarks do not establish a deal. [14]
Energy contextThe cited figures are forecasts from September 9. [3]
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