Economic data
Bank of Canada: Further tightening risk highlighted – Rabobank
Rabobank's Senior Macro Strategist Bas van Geffen reports that the Bank of Canada raised rates in response to persistent energy-driven inflation. Governor Macklem framed the move as containing the risk of broader price pressures, with inflation projections lifted notably for this year and 2027. The policy statement signals that additional rate increases may be needed, and strategists expect another hike in December.