A Macklem rate hike is back in the conversation as oil-driven inflation holds at 3%. Here is what the Bank of Canada said before the Oct. 28 decision.
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.
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.
