Canada Daily

Macklem Unleashes Rate-Hike Speculation With Comments About Energy

Plus: Taiwan versus Canada (stock market edition)

Carolyn Rogers, senior deputy governor of the Bank of Canada, left, and Tiff Macklem, governor of the Bank of Canada, on Wednesday.Photographer: David Kawai/Bloomberg

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By Nojoud Al Mallees

April 29, 2026 at 9:08 PM UTC

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Despite higher oil prices driving up inflation, the Bank of Canada held its policy rate steady once again. And it said only small changes will be necessary if everything goes as expected.