BoC Governor Macklem says if oil prices keep rising and stay elevated "there may be a need for consecutive increases in the policy rate"
BoC Governor Macklem's remarks indicate a cautious balancing act ahead for the central bank.
US President Trump could turn to military action without an Iran agreement ahead of the China trip, Axios reports citing US officials
CF Industries Holdings (CF) Q1 2026 (USD): EPS 3.98 (exp. 2.63), Revenue 1.99bln (exp. 1.84bln)
BoC Governor Macklem says if oil prices keep rising and stay elevated "there may be a need for consecutive increases in the policy rate"
IRGC Navy Political Affairs Official says we will impose our control over the Strait of Hormuz, and any attack will be met with a plan beyond the enemy's calculations, Al Jazeera reports
Pepsi (PEP) raises quarterly dividend 4% to USD 1.48/shr
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
- If the United States imposes significant new trade restrictions on Canada, we may need to cut the policy rate further to support economic growth.
- Alternatively, if oil prices continue to increase, and particularly if they remain elevated, the risk that higher energy prices become ongoing generalized inflation increases. If this starts to happen, there may be a need for consecutive increases in the policy rate
Rising oil prices could compel the Bank of Canada to consider consecutive interest rate hikes to combat sustained inflation, while potential trade restrictions from the U.S. could necessitate rate cuts to support growth. Traders should watch for shifts in market expectations around the rate path as these factors evolve.
Related headlines
- [MARKET ANALYSIS] JPY continues to gain after daring commentary from US Treasury Sec. Bessent3 hours ago
- [MARKET ANALYSIS] Fixed falters once more as Brent takes USD 100/bbl, awaiting the Treasury buyback announcement3 hours ago
- Newsquawk Daily European Equity Opening News - 9th September 20266 hours ago
- [MARKET ANALYSIS] Asia-Pac stocks trade mixed with the region partially shrugging off the weak US lead following a fresh exchange of US-Iran strikes and escalation in the US-Canada trade war8 hours ago
- [MARKET ANALYSIS] DXY is little changed ahead of inflation data later in the week and despite the US announcing an import ban on some Canadian goods as trade war escalates9 hours ago
- PRE-MARKET AUSTRALIAN, JAPANESE AND SOUTH KOREAN STOCKS NEWS: Samsung Electronics (005930 KS)** - Co. opened an AI chip R&D hub in Yokohama to collaborate with Japanese companies on advanced semiconductor packaging12 hours ago
- Newsquawk Daily Asia-Pac Opening News - 9th September 202614 hours ago
- [MARKET UPDATE] Fresh lows across fixed income and equity futures as energy prices continue to climb; Brent Nov remains north of USD 100/bbl2 hours ago
- Two port officials say a Panama-flagged tanker carrying 2mln barrels of Iraqi fuel oil was hit by a drone in Iraqi territorial waters; tanker is named "New Andros", and no casualties were reported2 hours ago
- [MARKET UPDATE] Brent front-month crosses back above USD 100/bbl for the first time since July 24th; newsflow light but geopolitical tensions remain high following the recent US-Iran retaliatory strikes5 hours ago
- US senior Trump administration official says President Trump approved series of proclamations on Canada trade measures, with ban on dairy, most alcohol and motorcycle imports from Canada under Section 338 with restrictions effective in about 3 weeks13 hours ago
- US Central Command says their forces destroyed five Iranian crude oil carriers on Tuesday after the IRGC targeted a US Navy warship with ballistic missiles twice over the past two days14 hours ago
- US Secretary of State Rubio warns every time Iran tries to hit US Navy ships, they will lose tankers14 hours ago
- Iran launched at least 20 missiles at bases in Jordan with the Al-Salti and Prince Hassan bases targeted, according to SNN14 hours ago
- Iran has launched missiles at targets in response to US strikes, while unofficial sources cited by Tasnim noted that explosions were heard in Jordan following Iranian missile attacks14 hours ago
- US Treasury Secretary Bessent says markets are not efficient and are run by humans, who make mistakes, adds the treasuries narrative in August was that the sky is falling and the narrative was absurd15 hours ago
- There are signs the US is working to devise some means of striking Iran's nuclear sites, CNN reports37 min ago
- Iran launched a drone at a tanker near Iraq, and at a tanker near the Emirates, reports i24's Stein1 hour ago
- IRGC official warns that further US aggression against Iran could trigger more unprecedented Iranian responses, IRNA reports1 hour ago
- Iran’s Foreign Ministry condemns US attacks on Iranian vessels and says Tehran’s strikes on US military bases and interception of American vessels constitute legitimate self-defence under international law2 hours ago
The whole workspace, free to try.
Try it free