BoC’s Macklem: Q4 Growth Could Be Roughly Halved If New US Tariffs Remain In Place
Would Expect Inflation To Edge Up In Coming Months If Oil Prices Stay Near $100/Bbl - Fuel Prices Have Risen More Than Normally Expected, Reflects Damage To Global Refining Capacity - Recent Gas Prices Have Been More Consistent With An Oil Price Almost $40 Higher Than Where It Has Been - Haven't Seen Evidence Higher Oil Prices Are Spreading To Other Goods And Services - We Don't Want To Raise Rates, Restrain Growth If Inflationary Pressures Are Contained - On Rate Decisions, We Must Look Beyond Initial Shock Of Higher Oil Prices - Don t Want To Be Too Slow To Respond If Inflationary Pressures Are Becoming More Persistent - Growing Evidence Many Canadian Businesses Have Started To Adapt To US Tariffs - BoC Expects That Growth In Labour Force Will Be Close To Zero Over Next Few Years
Would Expect Inflation To Edge Up In Coming Months If Oil Prices Stay Near $100/Bbl - Fuel Prices Have Risen More Than Normally Expected, Reflects Damage To Global Refining Capacity - Recent Gas Prices Have Been More Consistent With An Oil Price Almost $40 Higher Than Where It Has Been - Haven't Seen Evidence Higher Oil Prices Are Spreading To Other Goods And Services - We Don't Want To Raise Rates, Restrain Growth If Inflationary Pressures Are Contained - On Rate Decisions, We Must Look Beyond Initial Shock Of Higher Oil Prices - Don t Want To Be Too Slow To Respond If Inflationary Pressures Are Becoming More Persistent - Growing Evidence Many Canadian Businesses Have Started To Adapt To US Tariffs - BoC Expects That Growth In Labour Force Will Be Close To Zero Over Next Few Years