Bank of Canada holds interest rate steady as Iran energy shock drags on
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Article Excerpt
ECONOMY
Soaring oil prices might force ‘consecutive’ rate hikes, Macklem warns
By Uday Rana Global News
Posted April 29, 2026 9:45 am
Updated April 29, 2026 3:34 pm
3 min read
Canada’s central bank may have kept its benchmark interest rates steady on Wednesday amid global economic uncertainty, but Bank of Canada Governor Tiff Macklem says they might consider “consecutive increases” if the price of oil keeps climbing – Apr 29, 2026
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