Bank of Canada Governor Macklem: The inflation outlook has deteriorated. With the ongoing Middle East wars and rising global oil prices, which are expected to remain high for an extended period, this is impacting Canadians' fuel spending and pushing

2026-11-04

Bank of Canada Governor Macklem: The inflation outlook has deteriorated. With the ongoing Middle East wars and rising global oil prices, which are expected to remain high for an extended period, this is impacting Canadians' fuel spending and pushing up costs for many businesses.