CIBC economist Andrew Grantham said September inflation in Canada rose to 3.1% driven by higher energy. Excluding gasoline, inflation rose 2.2%, close to the BOC’s 2% target, and the Bank’s preferred core measures slowed in September. Traders had pri

2026-10-19

CIBC economist Andrew Grantham said September inflation in Canada rose to 3.1% driven by higher energy. Excluding gasoline, inflation rose 2.2%, close to the BOC’s 2% target, and the Bank’s preferred core measures slowed in September. Traders had priced in a rate hike next week, but Grantham said the September data suggests there is "no need to rush."