ECB President LAGARDE said the war poses upside risks to inf.

Statistics Canada will release September CPI at 08:30 Ottawa time Monday, followed by the Bank of Canada’s latest Business and Consumer Outlook Survey. Those are the final major data points ahead of the BoC’s Oct. 28 policy decision and could shape how policymakers weigh oil-driven inflation risk and rising trade tensions. The BoC has held its policy rate at 2.25% for seven consecutive meetings but has warned that prolonged high gasoline prices raise the risk of broader price-setting. Dovish strategists point to September’s weaker jobs print—job losses and a higher unemployment rate—but if Monday’s releases show persistent price pressure and a stabilizing economy, the soft labour data may not be enough to rule out a rate hike.

IMFC chair: Without investment from countries such as Saudi Arabia, the energy shock would have been much more severe.