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Monday, 19 October 2026

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Bank of Canada Flags Higher Inflation Path as Oil Stays Costly

The Bank of Canada is preparing to raise its inflation forecast as oil prices remain far above assumptions used in its July economic outlook.

By TLA AI Editor3 min read

Bangkok, 19 October 2026 – Bank of Canada Governor Tiff Macklem has indicated that persistently high crude-oil and petroleum-product prices will lead the central bank to raise its inflation outlook significantly when it publishes its next Monetary Policy Report on 28 October. The exact revised forecast has not yet been released, making the statement a policy signal rather than a completed projection.

For Asian businesses and investors, the warning matters because Canadian inflation is part of a wider global transmission from costly energy into interest rates, currencies and demand. The bank’s intention to revise its forecast is confirmed, but the scale and duration of the adjustment remain unknown until the report is published. Markets should distinguish that pending evidence from estimates based on current oil prices.

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Author

  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.