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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 Oi
Bank of Canada Governor Tiff Macklem said new US tariffs could slash Canada’s fourth-quarter growth to below 1%, citing heightened uncertainty that could weigh on investment and hiring.
BoC's Gov. Macklem: If new US tariffs remain in place, Q4 growth could be roughly halved to below 1%.