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BOC Governor Macklem said the key question is whether current interest rates are appropriate or whether further rate hikes are needed.

2026-09-22

BOC Governor Macklem said the key question is whether current interest rates are appropriate or whether further rate hikes are needed.

Other News
2026-09-21

UK diesel average price is set to break its all-time high within days, rising to 195.32 pence/litre; filling a family car currently costs £107.43. The level is about 4 pence/litre below the June 2022 peak of 199.09ppl. The UK government fuel-price to

UK diesel average price is set to break its all-time high within days, rising to 195.32 pence/litre; filling a family car currently costs £107.43. The level is about 4 pence/litre below the June 2022 peak of 199.09ppl. The UK government fuel-price tool shows nearly 300 forecourts selling diesel at £2.00/litre or higher, and 125 sites at 199.9ppl—just below the £2 psychological threshold. Petrol average price has climbed above 172ppl, the highest since August last year; topping up a 55‑litre family car now costs £94.61.
2026-09-21

Exports Surge: Kpler points out that crude oil and condensate exports from the Middle East Gulf and the Gulf of Oman have increased significantly since the end of July. The 7-day average export volume in September exceeded 15 million barrels per day

Exports Surge: Kpler points out that crude oil and condensate exports from the Middle East Gulf and the Gulf of Oman have increased significantly since the end of July. The 7-day average export volume in September exceeded 15 million barrels per day (compared to only 7-8 million barrels per day at the end of July and 10-13 million barrels per day in August). Strait of Hormuz Dominates: As a core passage, the Strait of Hormuz saw transit volumes of 10-15 million barrels per day for at least 5 days in September. Driving Factors: The shift in export focus to the Persian Gulf is mainly due to a significant slowdown in Saudi Arabia's Red Sea trade. Data Revision Note: Data for the most recent 14 days is preliminary and represents the lowest confirmed value. Further upward revisions are possible as shipments are verified.
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