The war in Iran is pushing up inflation expectations, after sentiment had been improving prior to the conflict, survey data released Monday by the Bank of Canada shows.
The war in Iran is pushing up inflation expectations, after sentiment had been improving prior to the conflict, survey data released Monday by the Bank of Canada shows.
Shoppers at an outlet mall in Richmond, British Columbia.
Bank of Canada Governor Tiff Macklem said central banks around the world are positioned differently when it comes to economic slack and inflation, and their responses to the oil price shock are likely to vary.
Bank of Canada Governor Tiff Macklem said central banks around the world are positioned differently when it comes to economic slack and inflation, and their responses to the oil price shock are likely to vary.
Tiff Macklem, governor of the Bank of Canada, during a news conference in Ottawa, Ontario, Canada, on Wednesday, March 18, 2026. The Bank of Canada held interest rates steady, saying it would "look through" the Middle East war's immediate inflation impact as it kept focus on downside growth risks. Photographer: David Kawai/Bloomberg
The International Monetary Fund lauded Canada’s fiscal position relative to its peers as Prime Minister Mark Carney prepares to give an update on his government’s finances.
The International Monetary Fund lauded Canada’s fiscal position relative to its peers as Prime Minister Mark Carney prepares to give an update on his government’s finances.
Mark Carney, right, and Francois-Philippe Champagne before releasing the federal budget in Ottawa on Nov. 4.
A Canadian cabinet minister praised Anthropic PBC’s decision to introduce its Mythos model to select companies and allow them to test the technology before releasing it more widely.
A Canadian cabinet minister praised Anthropic PBC’s decision to introduce its Mythos model to select companies and allow them to test the technology before releasing it more widely.
The Anthropic logo arranged on a smartphone in Forest Hills, New York, US, on Friday, April 10, 2026. The US treasury secretary and Federal Reserve chair summoned Wall Street leaders to an urgent meeting on concerns that the latest artificial intelligence model from Anthropic PBC will usher in an era of greater cyber risk.
The Bank of Canada and the country’s major banks and financial firms met Friday to discuss cybersecurity risks raised by Anthropic PBC’s latest artificial intelligence model.
The Bank of Canada and the country’s major banks and financial firms met Friday to discuss cybersecurity risks raised by Anthropic PBC’s latest artificial intelligence model.
The Bank of Canada in Ottawa,. Photographer: David Kawai/Bloomberg
The Bank of Canada and the country’s major banks and financial firms met Friday to discuss cybersecurity risks raised by Anthropic PBC’s latest artificial intelligence model.
The Bank of Canada and the country’s major banks and financial firms met Friday to discuss cybersecurity risks raised by Anthropic PBC’s latest artificial intelligence model.
The Bank of Canada in Ottawa,. Photographer: David Kawai/Bloomberg
While the Bank of Canada’s governing council spent considerable time discussing the inflation risks posed by the war in Iran, officials agreed that they “should not lose sight” of other major economic headwinds when they held interest rates steady last month.
While the Bank of Canada’s governing council spent considerable time discussing the inflation risks posed by the war in Iran, officials agreed that they “should not lose sight” of other major economic headwinds when they held interest rates steady last month.
The Bank of Canada in Ottawa, Ontario, Canada, on Wednesday, March 18, 2026. The Bank of Canada held interest rates steady, saying it would "look through" the Middle East war's immediate inflation impact as it kept focus on downside growth risks.
While the Bank of Canada’s governing council spent considerable time discussing the inflation risks posed by the war in Iran, officials agreed that they “should not lose sight” of other major economic headwinds when they held interest rates steady last month.
While the Bank of Canada’s governing council spent considerable time discussing the inflation risks posed by the war in Iran, officials agreed that they “should not lose sight” of other major economic headwinds when they held interest rates steady last month.
The Bank of Canada in Ottawa, Ontario, Canada, on Wednesday, March 18, 2026. The Bank of Canada held interest rates steady, saying it would "look through" the Middle East war's immediate inflation impact as it kept focus on downside growth risks.
While the Bank of Canada’s governing council spent considerable time discussing the inflation risks posed by the war in Iran, officials agreed that they “should not lose sight” of other major economic headwinds when they held interest rates steady last month.
While the Bank of Canada’s governing council spent considerable time discussing the inflation risks posed by the war in Iran, officials agreed that they “should not lose sight” of other major economic headwinds when they held interest rates steady last month.
The Bank of Canada in Ottawa, Ontario, Canada, on Wednesday, March 18, 2026. The Bank of Canada held interest rates steady, saying it would "look through" the Middle East war's immediate inflation impact as it kept focus on downside growth risks.
Economists are boosting their forecasts for Canadian inflation and unemployment as the war in Iran drives up oil prices and heightens global instability.
Economists are boosting their forecasts for Canadian inflation and unemployment as the war in Iran drives up oil prices and heightens global instability.
A driver refuels a vehicle at a Mobil gas station in Montreal.
The Bank of Canada’s second-in-command reiterated that policymakers see higher oil prices boosting inflation in the coming months, and said the central bank is reviewing how it communicates core measures of price pressures to the public.
The Bank of Canada’s second-in-command reiterated that policymakers see higher oil prices boosting inflation in the coming months, and said the central bank is reviewing how it communicates core measures of price pressures to the public.
The Bank of Canada is looking at internal candidates to fill spots on its rate-setting governing council after two deputy governors said they’ll leave the organization in the coming months.
The Bank of Canada is looking at internal candidates to fill spots on its rate-setting governing council after two deputy governors said they’ll leave the organization in the coming months.
Markets see the Bank of Canada hiking interest rates more aggressively this year amid surging oil prices and hawkish messaging from peer central banks.
Markets see the Bank of Canada hiking interest rates more aggressively this year amid surging oil prices and hawkish messaging from peer central banks.
Tiff Macklem, governor of the Bank of Canada, during a news conference in Ottawa on Wednesday.
The Bank of Canada held interest rates steady, saying it would “look through” the Middle East war’s immediate inflation impact as it kept focus on downside growth risks.
The Bank of Canada held interest rates steady, saying it would “look through” the Middle East war’s immediate inflation impact as it kept focus on downside growth risks.
The Bank of Canada in Ottawa. Photographer: Kamara Morozuk/Bloomberg
The Bank of Canada held interest rates steady, saying it would “look through” the Middle East war’s immediate inflation impact as it kept focus on downside growth risks.
The Bank of Canada held interest rates steady, saying it would “look through” the Middle East war’s immediate inflation impact as it kept focus on downside growth risks.
The Bank of Canada in Ottawa. Photographer: Kamara Morozuk/Bloomberg
The Bank of Canada is likely to hold interest rates steady as policymakers weigh the inflation risk of higher oil prices against a string of weak economic numbers.
The Bank of Canada is likely to hold interest rates steady as policymakers weigh the inflation risk of higher oil prices against a string of weak economic numbers.
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