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Bank of Canada's Macklem flags risk of delaying rate hike too long

Macklem said the bank will watch for inflation to spread as oil stays near $100 and yearly consumer prices remain around 3%, he said.

Bank of Canada Governor Tiff Macklem said policymakers don’t want to be late to hike interest rates should inflationary pressures prove to be stubborn.

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Bank of Canada Governor Tiff Macklem warns of persistent inflation pressures as oil nears $100

Bank of Canada Governor Tiff Macklem warns persistent inflation pressures from oil near $100 could force rate hikes even as tariffs threaten GDP

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The Globe & Mail broke the news in Toronto, Canada on Monday, September 21, 2026.
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