Canada Rate Hike in Play Next Month Should Oil Remain at $100 -- Market Talk
Dow Jones2026/09/21 16:401240 ET - Bank of Canada Gov. Tiff Macklem stands ready to raise rates to contain inflation but that's not necessarily a foregone conclusion, says Royce Mendes, head of macro strategy at Desjardins Capital Markets. Mendes' reasoning comes after parsing through remarks from Macklem in Atlantic Canada, where he described the competing forces policymakers are grappling with -- namely, elevated trade uncertainty and upward inflation risks. Mendes says that the BOC could raise rates as early as late October, so long as crude-oil prices remain over $100 a barrel and the CPI report for September shows a broadening of inflationary pressure. (paul.vieira@wsj.com; @paulvieira)
(END) Dow Jones Newswires
September 21, 2026 12:40 ET (16:40 GMT)
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