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.
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inflationCanadainterest ratescentral bank
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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.
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