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BoC’s Macklem: Elevated energy prices make rate hikes harder

Bank of Canada Governor Tiff Macklem said Canada has not raised rates yet, but the longer elevated energy prices persist, the harder that becomes.

Original · FXStreet AI summary of public reporting

Why: Elevated energy prices complicate BoC rate path

CL

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CL95.85 → 95.68−0.2%
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BoC’s Macklem: Elevated energy prices make rate hikes harder | SignalHub