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Breaking Posted 1 hour ago

Canada: BoC's Macklem Warns Oil Prices, Refinery Margins to Lift Inflation

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BoC Governor Macklem flagged higher oil prices and refinery margins as key inflation drivers, with greater pass-through expected over the coming year. This signals the central bank's concern that energy-cost pressures will persist despite weak October manufacturing activity, keeping rate-cut expectations in check. Traders watch employment data tomorrow and the annual budget release for confirmation of demand weakness.
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1 hour ago

BoC Governor Macklem: Canada GDP to grow 1% in 2026

Bank of Canada Governor Macklem projects 1% GDP growth for 2026, rising to approximately 2% in both 2027 and 2028. This guidance feeds the demand-stage macro chain for CAD; weak near-term growth suggests soft demand ahead of November employment and inflation releases that will shape rate-cut expectations.

https://x.com/financialjuice/status/2117648800542294076
44 minutes ago

BoC Governor Macklem: Fiscal Policy Not Hindering Inflation Fight

BoC Governor Macklem stated fiscal policy is not currently making it harder to reduce inflation. This clarifies the central bank's view on the inflation macro chain following Canada's Q3 GDP slowdown to 2%. Traders watch next: employment data (Nov 6) and the Annual Budget Release (Nov 5) to assess whether fiscal headwinds will emerge.

https://x.com/financialjuice/status/2117651234584707194
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