Statistics Canada is set to release September inflation data. A Reuters poll of economists expects inflation to rise to 3.2% in September, up from 3% in August. Economists say persistently high energy prices are the main driver and will watch for cost pressures spreading beyond gasoline. The report is the Bank of Canada's last look at price data before its October 28 rate decision; the central bank says it will look through initial effects from the Middle East war but is ready to hike if inflation spreads, and it will also release quarterly surveys on whether firms plan to pass supply chain costs to customers.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on prpeak.com ↗
Keywords
inflationCanadainterest ratescentral bank
Open a keyword to see other news on the same topic.
Related tickers and likely impact
USD/CAD
• NeutralRelevance: low
| 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
- Statistics Canada set to release September inflation figures – Winnipeg Free Press
Statistics Canada is set to release September inflation data. A Reuters poll of economists expects inflation to rise to 3.2% in September, up from 3% in August. Economists say persistently high energy prices are the main driver and will watch for cost pressures spreading beyond gasoline. The report is the Bank of Canada's last look at price data before its October 28 rate decision; the central bank says it will look through initial effects from the Middle East war but is ready to hike if inflation spreads, and it will also release quarterly surveys on whether firms plan to pass supply chain costs to customers.
- Bank of Canada Inflation Forecast : Higher Outlook Ahead
Bank of Canada Governor Tiff Macklem said the central bank will raise its quarterly inflation forecast considerably this month. He attributed the revision to persistently high prices for crude oil and petroleum products, which are intensifying inflationary pressures. The new inflation and growth forecasts will be factored into the bank's interest-rate decision on October 28.
- RBI may need to raise repo rate to 6 . 25 % as inflation risks persist : SBI Mutual Fund
SBI Funds Management says the Reserve Bank of India (RBI) may need to raise its repo rate to at least 6.25% to contain inflation risks, after the RBI lifted it by 25 basis points to 5.50% earlier this month. That level would imply another 75 basis points of increases, though the report gives no timeline. Retail inflation rose to 5.54% in September from 4.83% in August, while wholesale inflation climbed to 11.39% from 9.92%. The fund house says headline CPI remains about 120 basis points above the 4% target, and warns that high crude prices, possible food inflation and strong domestic demand could push inflation above the RBI's 6% upper tolerance limit for two consecutive quarters. It also notes that surplus banking liquidity could weaken the effect of rate hikes, and that rate cuts are off the table.
- RBI may need to raise repo rate to 6 . 25 % as inflation risks persist : SBI Mutual Fund
In its October 2026 Market Outlook, SBI Funds Management says the RBI may need to lift its repo rate to at least 6.25% to contain inflation risks, after raising it by 25 basis points to 5.50% earlier this month. That implies another 75 basis points of hikes with no timeline given, and the fund sees the near-term path as either a hike or a hold, with rate cuts off the table. Retail inflation rose to 5.54% in September from 4.83% in August and wholesale inflation to 11.39% from 9.92%, while the FY27 CPI forecast of 5.20% sits about 120 basis points above the 4% target. The RBI projects inflation at 6% in the third quarter and 5.7% in the fourth quarter of FY27, and the fund warns that elevated crude prices, food inflation and strong domestic demand could push it above the 6% upper tolerance limit for two consecutive quarters. It also cautions that surplus banking liquidity could weaken the effect of rate hikes, and the RBI's next Monetary Policy Committee meeting is scheduled for December 2-4.
- What the Federal Reserve actually does
The Federal Reserve is the central bank of the United States, created by Congress in 1913 after a series of banking panics. Its dual mandate is maximum employment and stable prices, with stable prices defined since 2012 as 2% annual inflation measured by the PCE index. The Federal Open Market Committee, with twelve voting members, meets eight times a year to set the federal funds rate, its main tool; raising rates slows borrowing and inflation but risks recession, while cutting rates supports jobs but may lift inflation. During the 2008 crisis and the 2020 pandemic, the Fed bought Treasury and mortgage-backed securities to push down long-term rates, and it also serves as lender of last resort, bank supervisor and operator of payment systems such as FedNow, launched in 2023. It does not set tax or spending policy and cannot target individual prices like gas or groceries.
- Cardoso : We Would Stay the Course on Reforms to Sustain Investor Confidence – THISDAYLIVE
Central Bank of Nigeria Governor Olayemi Cardoso said headline inflation fell to 14.63 per cent in September 2026 from about 34.8 per cent at end-2024, while external reserves rose above $55 billion, their highest in 18 years. The banking recapitalisation raised N4.65 trillion, just over 70 per cent from domestic investors, and Fitch revised Nigeria's outlook to positive. Cardoso said the CBN is pursuing investment-grade ratings in the medium term and cited its September reset of the policy rate from 26.5 to 23 per cent as an example of clear communication. He also discussed deepening financial ties with Asia, including cross-border payments and settlement with China's central bank governor.
Related markets
Latest news
- Duong Son Ba Arrested, Hai Phong Thermal Power Loses Lawsuit and Must Pay VND 115 Billion to Partner
Hai Phong Thermal Power (HND) disclosed an appellate ruling in a coal supply dispute with Dan Ka Mineral, under which the court accepted the plaintiff's appeal and ordered the company to pay nearly VND 115 billion, including a coal price difference of over VND 80.15 billion and interest of over VND 34.65 billion. The dispute stems from a 2021 contract, with disagreement over price adjustments after global coal prices rose sharply in 2022. Duong Son Ba, the company's general director, was arrested on 21 May 2026 over alleged forgery of documents of an agency or organisation, and the board dismissed him from the post on 13 October, with no successor yet announced. In the first half of 2026, the company reported net revenue of nearly VND 6,081 billion, up 8%, and after-tax profit of over VND 508 billion, up nearly 25%.
- Iran threatens to use the 'father of all missiles' to strike adversaries' energy facilities
Major General Mohammad Reza Naqdi, senior adviser to the IRGC commander, said at a rally in Sari on October 18 that Iran has prepared the most advanced missiles and will respond to any aggression. He warned that energy infrastructure and investments belonging to powers Tehran deems aggressive in the region could fall within Iranian missile range. His remarks answered US President Donald Trump's threat to use the GBU-43/B MOAB, often called the 'mother of all bombs' and weighing about 14 tons, against Iran's energy infrastructure and nuclear sites. Naqdi said Iran also possesses these bombs, having seized some that failed to detonate in the 12-day war, and called Trump's impatience a 'public admission of defeat'.
- Strategy on verge of golden cross, just weeks after bitcoin flashed same bullish signal
Strategy (MSTR) is about to form a golden cross, when its 50-day average rises above its 200-day average, possibly as early as Monday, just weeks after bitcoin showed the same bullish signal. The company holds $69.81 billion in bitcoin, and its stock has had two earlier golden crosses followed by big rallies: from $15.57 in September 2020 to $127.29 by February 2021, a 717% gain, and from $25.29 on March 2, 2023 to a peak of $473.83 in November 2024, up 1,774%. The article stresses the signal is unreliable, though: since 1999 MSTR has had 19 golden crosses, and only 10 were followed by a higher price 12 months later, a 50% hit rate, with a median 12-month return of just 3.3%. The two worst cases, in 2001 and 2007, were followed by a 61% loss.
- Director of the HCMC Institute of Economics, Natural Resources and Environment: Four major corporations have raised plans to invest in Vietnam, but pulled back when asked about power capacity
At a seminar co-organized by Tien Phong newspaper and the HCMC Department of Construction on October 16, TS. Phạm Viết Thuận said the city should treat infrastructure as an integrated system rather than focusing only on transport. He argued that 11 main and 13 secondary infrastructure categories, including power, water drainage, industrial zones and logistics, need to be synchronized for the city to develop its economy. To address flooding, he proposed surveying 159 flood-prone points and building ecological lakes at major spots. He also noted that four large corporations had considered investing in Vietnam but withdrew when asked about grid power capacity. Department director Trần Quang Lâm said capital mobilization and land policy need further study, while traffic congestion, flooding and pollution remain the city’s top priorities.
- Live updates: Bitcoin tags $83,000 and slips back as chip stocks lead a rebound
Bitcoin climbed from an overnight low near $80,700 to just above $83,000 early Monday, then slipped back to about $82,400 as sellers stepped in, and was up 0.3% over 24 hours. The bounce followed tech stocks, with Nasdaq 100 futures up 1.1%, snapping a weeklong 5.5% selloff, and an ETF tracking chipmakers jumping 3%. WTI crude recovered to $98.55 after touching $96.72, as the U.S. warned citizens across 12 Middle East locations of possible flight cancellations and airspace closures, raising fears of fresh strikes on Iran and disruption at the Strait of Hormuz. In Europe, the Stoxx 600 fell 0.8% after protests in France. Bitcoin would need to move through $84,000, its ceiling on October 13 and 14, to signal that the tech rebound is lifting it too.
- Baystreet . ca - When Might October Nasdaq Correction End ?
The Nasdaq Composite (QQQ ETF) is 6.96% below its 52-week high after falling 5.52% last week, close to the 10% threshold for a technical correction. The article says high oil prices, sustained by Iran's control of traffic through the Strait of Hormuz, keep September CPI and PPI rising, and that Iran wants higher oil prices to hurt the Republican Party before the midterm elections, so the correction in beaten-down stocks may continue. CoreWeave (CRWV) lost 25.21% last week, closing just 3% above its yearly low, while bears holding a 17% short float bet its $50 billion debt is unsustainable. Nebius (NBIS) fell 25% and Twilio (TWLO) dropped 15.6%, while Autodesk (ADSK), Salesforce (CRM) and Adobe (ADBE) drew buying. The article suggests volatility may ease after the midterms.
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.