BOC Governor Macklem said the inflation outlook has deteriorated. The ongoing Middle East war has pushed global oil prices higher and they are expected to remain elevated for longer, weighing on Canadians' fuel spending and raising costs for many businesses.

2026-11-04

BOC Governor Macklem said the inflation outlook has deteriorated. The ongoing Middle East war has pushed global oil prices higher and they are expected to remain elevated for longer, weighing on Canadians' fuel spending and raising costs for many businesses.