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."

CSRC Chair Wu Qing said on Oct. 19 at the 2026 Financial Street Forum opening that the regulator will prioritize stability and take all necessary measures to safeguard capital market safety. The CSRC will closely track domestic and offshore market dynamics, strengthen risk assessment and preserve policy-tool reserves, consolidate market-stabilization mechanisms, tighten oversight of risks from new business models, and is highly alert to offshore-linked leveraged products tied to A-share stocks.

Corpay chief market strategist Karl Schamotta said Canada’s September CPI shows no clear evidence that rising energy costs are spilling into broader goods and services. Core inflation excluding food and energy eased to 1.9% from 2.0% in August, a print Schamotta said signals a still‑soft domestic economy. With the BOC’s quarterly business outlook survey due Monday evening, traders may revisit interest‑rate expectations.