See the full story in the original article.
Read the original on 933thedrive.com ↗
Keywords
inflationoil pricesCanadacentral bank
Open a keyword to see other news on the same topic.
Related tickers and likely impact
USD/CAD
▼ Likely negativeRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/16/2026 | 1.41389 |
| Change that session | -0.32% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Inflation risks are rising as oil shock lingers, Macklem says
Bank of Canada governor Tiff Macklem said inflation risks are rising as high energy prices persist, with the conflict ongoing, shipments curtailed and refinery capacity damaged. Inflation has been above the bank's two per cent target since May and was at three per cent in July and August, and economists largely expect it to edge up again in September as Brent and WTI crude hover around US$100 per barrel. A higher reading could increase pressure on the bank to raise its overnight rate, currently at 2.25 per cent, for the first time in a year. Macklem said the bank has so far looked through the direct impact of oil prices but is prepared to adjust monetary policy as needed.
- Bank of Canada Macklem warns global resilience under strain
Bank of Canada Governor Tiff Macklem said persistently high global energy prices will push up Canada's inflation outlook, adding that global resilience is under strain as shocks persist. Speaking on the sidelines of the IMF meetings in Bangkok, he noted that strategic oil reserve releases are being depleted, and that Houthi attacks on Saudi Arabia, damage to Gulf refining capacity and the closure of the Strait of Hormuz leave no relief in sight for oil prices. Canadian inflation has held at 3% for two months, and Macklem expects the outlook to be quite a bit higher than the July forecast of about 2.5% for the second half of the year. The bank will release new forecasts with its October 28 rate decision and is prepared to raise rates if price pressures spread. Macklem nonetheless expressed confidence in Canada, citing a relatively stable Canadian dollar and early signs of recovery and investment.
- Bank of Canada sees sharply higher inflation outlook as oil surges , Macklem says
Bank of Canada Governor Tiff Macklem said on Saturday the bank expects to raise its quarterly inflation forecast significantly this month because crude oil and petroleum product prices remain persistently high. He warned that the Middle East conflict, curtailed shipments and refinery capacity damage have increased the risk that inflation broadens and becomes more persistent. As of Saturday, markets were not pricing in any rate change on October 28 or at the December decision, but were pricing in 100 basis points of increases over the next year. Macklem said the bank is prepared to adjust policy as needed to keep inflation close to its 2% target, and the October 28 decision will hinge on whether inflation returns to target on its own or rates must rise.
- Inflation data shows high energy prices still contained , for now : economists
Canada's annual inflation rate rose to 3.1 per cent in September as gasoline prices jumped 27.8 per cent amid the Middle East war, but came in slightly below the 3.2 per cent economists had expected. Excluding gasoline, consumer prices rose 2.2 per cent, after 2.4 per cent in August. Core measures, CPI-trim at 1.8 per cent and CPI-median at 1.9 per cent, suggest underlying price pressures remain relatively contained and higher energy costs have yet to spread widely. Bank of Canada Governor Tiff Macklem warned the bank was prepared to raise rates if necessary, while CIBC's Andrew Grantham said the data suggests policymakers have little rush to do so. Regional gaps were wide, with Ontario lowest at 2.5 per cent and all three Maritime provinces well above the national rate as heating oil prices surged.
- Businesses expect Canada inflation rate to remain above 3 %
The Bank of Canada's quarterly Business Outlook Survey, released Monday, shows many businesses expect Canada's inflation rate to stay above 3% over the next two years, and about half plan to pass on some or all cost increases linked to the Iran war and tariffs. Inflation rose to 3.1% year over year in September from 3% in August, mainly due to higher energy prices. In the companion Canadian Survey of Consumer Expectations, households' median expectations were 4.03% for the next year and 3.88% for the next two years, with tariffs cited as the top factor. Firms' outlooks worsened and inflation expectations rose after trade talks with the U.S. broke down on Aug. 22, but they are not expected to return to levels seen at the start of the trade conflict in March 2025 or the April oil-price peak. The Bank of Canada will announce its interest rate decision on Oct. 28, and these surveys are among the inputs for that decision.
- Canada inflation rate rises above 3 % on higher energy prices
Canada's consumer price index rose 3.1% year over year in September, up from 3% in August, mainly due to energy prices that were 19% higher than a year earlier. Grocery prices grew 1.7%, the smallest annual increase since May 2024, while shelter prices rose 1.8%. Core measures were steadier, with CPI-median easing to 1.9% from 2% and CPI-trim at 1.8% versus 1.9%. Bank of Canada governor Tiff Macklem warned that the risk of inflation broadening and becoming more persistent has risen, while BMO still expects rates to stay on hold but says that could change, and TD also forecasts a hold through 2027. The central bank announces its overnight rate later this month.
Related markets
Latest news
- Amazon (AMZN) Stock Costs $250 a Share. Here's Why I'd Still Buy It.
The article argues that Amazon, trading at about $250 a share, is still worth buying for the author, who would buy it if he did not already own it. The main reason is that the stock looks appealingly valued: its forward P/E of about 24 is well below its five-year average of 39, while its price-to-sales ratio of 3.6 is slightly above the five-year average of 3. Amazon ranked fourth in the 2026 Kantar BrandZ Global Top 100, with a brand value of $1 trillion, and its shares have averaged annual gains of 22% over the past 15 years. The author stresses that a stock's absolute price means little on its own, so investors should compare it with earnings and sales and research each company in depth.
- Amazon Just Made Its AI Chips Easier to Use. Should Nvidia Investors Be Worried?
Amazon announced TorchNeuron, a free open-source tool that lets developers run existing PyTorch code on its Trainium chips with minimal changes, with a public beta due on Oct. 20. This challenges a key part of Nvidia's moat, because switching away from CUDA typically carries large costs in time and labor. However, the tool only covers PyTorch work, custom CUDA code will not port easily, and the release is still in beta, with the ease-of-switching claims coming from Amazon itself. Google is also developing a similar tool, TorchTPU. The author sees it as a chink in Nvidia's narrative and does not expect a major near-term effect on order flow or pricing power, but says the market may no longer pay quite the same premium for Nvidia stock.
- Cisco Systems (CSCO) Unveiled 102.4T AI Networking Platforms
Cisco Systems unveiled new AI networking platforms built on Silicon One P200, G300 and G302 switching chips, with 51.2T and 102.4T systems. It also introduced 1.6T optical modules and integrated liquid cooling aimed at high-density AI data centers, and disclosed a collaboration with NVIDIA, TE Connectivity and Amphenol to co-develop a 400Gb/s per lane USFP optical module and open specification. The company has a market cap of US$423.4b. The article says the launch supports Cisco's position as an AI networking provider competing with Arista and Juniper, but the richer hardware mix adds to margin pressure that has already contributed to non-GAAP gross margin compression.
- J.P. Morgan Stays Top of Extel’s All-America Equities Research Table
Extel's 55th annual All-America Research Team survey ranks J.P. Morgan first in the research team table with 47 published positions, followed by BofA Securities with 44 and Morgan Stanley with 43. UBS posted the largest gain in positions, reaching 42 and climbing to fourth place. In the analyst leaders table, Jefferies takes first place with 43 positions, while UBS leads Extel's weighted ranking of research teams ahead of J.P. Morgan and Evercore ISI. The results reflect the views of 4,451 portfolio managers and analysts at 1,608 institutions across 60 sectors, with 129,919 votes counted. The number of participating institutions fell from 1,705 in 2025, but more firms now sit in the highest commission bands, rising to 89 from 82.
- Visa, Mesh partner to enable crypto spending at 175M merchant locations
Visa and crypto payments network Mesh have partnered so users can spend cryptocurrency and stablecoin balances directly from participating digital wallets at merchants on Visa's network, without transferring funds to a bank account or using a separate crypto card. Merchants receive payments through Visa's existing network without changing their checkout systems. The network covers more than 175 million merchant locations in over 200 countries and territories, and participating wallets and launch dates will be announced later. Mesh will handle funding and conversion between crypto, stablecoins and fiat, as well as onboarding and KYC requirements. The partnership follows Mesh's September integration with Bybit Pay and its $75 million raise in January at a $1 billion valuation.
- Top 3 Founder Led Stocks To Watch In October 2026
The article presents three founder-led stocks from a screen: monday.com, Palantir Technologies and Figure Technology Solutions. monday.com has revenue of about US$1.37b and a market cap of US$3.8b. Palantir earns US$3.21b from Government customers and US$2.95b from Commercial clients, with a market cap of US$447.04b. Figure Technology Solutions reports US$619 million of revenue and a market cap of US$6.1b. The article argues that founder ownership can align leadership with long-term shareholder interests, but each stock depends on key assumptions to watch, such as customer expansion, pricing power or the pace of blockchain adoption. The full screen surfaced 26 more businesses with similarly strong founder ownership.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.