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Related tickers and likely impact
USD/CAD
▲ Likely positiveRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/15/2026 | 1.41850 |
| Change that session | -0.35% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Higher gas prices drove inflation up to 3 . 1 % in September : StatCan
- NetNewsLedger - Bank of Canada Macklem Warns Energy Prices Could Push Inflation Higher
Bank of Canada Governor Tiff Macklem said persistently high global energy prices will push up the inflation outlook in Canada, speaking on the sidelines of the IMF meetings in Bangkok. He said the global economy has held up better than expected despite the wars in Iran and Ukraine, but that resilience is wearing thin as strategic oil reserves are being drawn down and Houthi attacks on Saudi Arabia, damage to Gulf refining capacity and the closure of the Strait of Hormuz offer little near-term relief for oil prices. Canadian inflation has held steady at 3% for two months against a 2% target, and Macklem expects the updated forecast due with the Oct. 28 rate decision to be quite a bit higher than July's projection of about 2.5% for the second half of the year. He said the central bank will weigh whether inflation will fall on its own or whether rates must rise, and pointed to the stability of the Canadian dollar as a sign of confidence. Statistics Canada releases its September inflation report on Monday.
- Canada inflation rate rises above 3 % on higher energy prices
Statistics Canada reported that consumer prices rose 3.1% year over year in September, up from 3% in August, mainly because energy prices were 19% higher than a year earlier. Grocery prices rose 1.7%, the smallest annual increase since May 2024, and shelter prices rose 1.8%. Core measures were steady, with CPI-median at 1.9% and CPI-trim at 1.8%, a bit softer than economists expected. Bank of Canada Governor Tiff Macklem warned that the risk of inflation broadening and becoming more persistent has risen, while BMO and TD still expect rates to stay on hold through 2027, though BMO's Robert Kavcic said a rate hike is possible.
- Canada inflation : Inflation up to 3 . 1 % in September says StatCan
Statistics Canada said inflation rose to 3.1% year over year in September, as gasoline prices jumped 27.8% despite the switch to a cheaper winter blend; excluding gasoline, prices rose 2.2%. Fuel oil and other fuels surged 57.8%, hitting Atlantic Canada hard. Grocery inflation slowed to 1.7%, the smallest annual increase since May 2024, as fresh vegetable prices fell 2.9%, while shelter prices rose 1.8%. Economists had expected 3.2%. Bank of Canada Governor Tiff Macklem warned that high energy prices raise the risk of broader inflation and said the bank is prepared to raise rates if necessary before its Oct. 28 decision, while CIBC's Andrew Grantham said the data suggests little rush.
- Will the Fed Raise Rates This Month? Here's What Markets Say.
The latest CPI report showed September inflation came in hotter than expected: headline CPI rose 3.7% year over year and 0.6% from August, while core CPI rose 2.6% year over year and 0.3% monthly. This suggests the Fed could hike for a second straight time at its Oct. 27-28 meeting. However, futures traders price an 85.1% chance the Fed holds its rate at 3.75% to 4% in October and a 74.1% chance it resumes hiking in early December. The two-year Treasury yield has eased to 4.73% from 4.93% in September, signaling lower expectations for hikes, though it remains above the current rate. The author notes that stocks tend to perform better when the Fed moves slowly, and sees new Fed Chair Kevin Warsh, in the role since May, as an incrementalist.
- CP NewsAlert : Higher gas prices drove inflation up to 3 . 1 % in September : StatCan
Statistics Canada said annual inflation rose to 3.1% in September, led by a 27.8% jump in gasoline prices from a year earlier as the Middle East war kept pushing up gas prices, despite the switch to cheaper winter gas. Excluding gasoline, consumer prices rose 2.2%, while fuel oil surged 57.8%, hitting Atlantic Canada hard where many homes are heated with oil. Grocery inflation slowed to 1.7%, its smallest yearly increase since May 2024, as fresh vegetables fell 2.9% and sugar and confectionery dropped 2.7%, while beef rose 8.7% after 11% in August. Shelter prices rose 1.8%, up from 1.5% in August, with mortgage insurance up 4.9% and home maintenance and repair costs up 1.2%.
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