A Bank of Canada rate hike is back in play after Tiff Macklem warned against moving too slowly as oil-driven inflation nears 3% ahead of the Oct. 28 decision.
A lender’s mortgage rate forecast says the Bank of Canada will hold at 2.25% through 2026, while an oil shock lifts bond yields and fixed rates.
The Bank of Canada policy rate stays at 2.25% for a seventh consecutive decision as new US tariffs, elevated oil prices and roughly 3% headline inflation complicate a recovery the Bank calls broadening but not settled.
