BoC MPR: Inflation expected to increase in 2026 due to higher gasoline prices caused by the Middle East conflict, will then ease in 2027 as oil prices are assumed to moderate. 2026 & 2027 growth outlook evolving generally as anticipated.
The Bank of Canada's recent Monetary Policy Report forecasts inflation to rise in 2026 due to increased gasoline prices linked to geopolitical tensions, with a subsequent easing expected in 2027 as oil prices stabilize.
US EQUITY OPEN: Indices see downside bias as risk-events await, namely FOMC and 4 Mag-7 earnings
UK Manchester Mayor Burnham says he does not rule out seeking to become an MP again
BoC MPR: Inflation expected to increase in 2026 due to higher gasoline prices caused by the Middle East conflict, will then ease in 2027 as oil prices are assumed to moderate. 2026 & 2027 growth outlook evolving generally as anticipated.
Israeli PM Netanyahu is planning a possible trip to Washington, DC to meet President Trump in the near future, according to an Israeli source familiar with the matter cited by CNN
White House Official says US President Trump and oil companies discussed steps to continue the Iran blockade for months if needed
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Contributions to GDP:
Summary of Projections:
Global Projections:
This suggests a nuanced outlook for monetary policy, implying potential adjustments in the rate path as the BoC grapples with external pressures on growth and inflation.
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