Bank of Canada Governor Says Upside Risks to Inflation Are Rising

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Summary · why it matters

Bank of Canada Governor Tiff Macklem said that upside risks to inflation are increasing. He noted the possibility of stronger price pressures and said monetary policy needs to be managed carefully. The remarks have strengthened expectations among market participants of further interest rate hikes.

Impact on stocks 2

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％Canada Prime Rate
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Governor signals rising inflation risks and possible further rate hikes, pushing policy rate expectations up.

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