Interest rates in Canada remained unchanged at 2.25%, in line with market expectations. Governor Tiff Macklem warned of growing upside risks to inflation, citing, among other factors, tensions in the Middle East. He also noted that new tariffs and an escalation in trade conflicts would raise costs for both businesses and consumers.
This adds uncertainty over the durability of the economic recovery, even though the economy and inflation are broadly evolving in line with the Bank of Canada’s July projections. The meeting statement also noted that financial conditions have tightened noticeably since the July meeting.
Daily Summary: Indices Pull Back Under Pressure from Oil Prices
EIA weekly inventory surprises 📈🛢️
Oil continues to rise
Pick of the week: USD/JPY
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.