Canada's Inflation Surges, Bank of Canada to Cut?

The Bank of Canada faces a tough call after September’s inflation data came in hotter than expected — rising 2.4% year-over-year. Businesses are expecting prices to remain subdued while the economy weakens. With the governor warning of “slow growth that’s not going to feel good,” and GDP projections now hovering near 1%, all signs point to a weakening economy — even as markets brace for another possible rate cut next week. #bankofcanada #canadianeconomy #Canadianinflation Links: Canada’s economic outlook and global trade: A conversation with Governor Tiff Macklem: https://www.youtube.com/watch?v=CbQYW_00JCI&t=717s Interest rate decision and press conference / Décision du taux directeur et point de presse: https://www.youtube.com/watch?v=8w8K3ql4H9k BoC Governor Tiff Macklem on Rate Cuts, Tariffs and More | Full Interview: WONK: https://www.youtube.com/watch?v=tdcmitXDt3A Interest rate announcement & release of the Monetary Policy Report / Annonce du taux directeur & RPM: https://www.youtube.com/watch?v=LFfx93Rasec Canadian Home Sales Mark Four-Year High for the Month of September: https://www.youtube.com/watch?v=2H-rt0a7ltc&list=PLOKoTy8yPzZaRjG8ArUm5F6Ny2FEl5rxb Canada Inflation Quickens to 2.4%, Core Measures Heat Up: https://www.bloomberg.com/news/articles/2025-10-21/canada-inflation-quickens-to-2-4-core-measures-heat-up BREAKING: Canada headline CPI rose 2.4% YoY in September: https://www.fxstreet.com/news/canada-cpi-expected-to-rise-in-september-adding-pressure-to-boc-easing-plans-202510210800 Canadian Survey of Consumer Expectations—Third Quarter of 2025: https://www.bankofcanada.ca/2025/10/canadian-survey-of-consumer-expectations-third-quarter-of-2025/ Business Outlook Survey—Third Quarter of 2025: https://www.bankofcanada.ca/2025/10/business-outlook-survey-third-quarter-of-2025/ Bank of Canada's business survey results leave 'ample room to cut' interest rates, economists say: https://financialpost.com/news/economy/bank-of-canada-business-survey-interest-rate-cut Consumer Price Index, September 2025: https://www150.statcan.gc.ca/n1/daily-quotidien/251021/dq251021a-eng.htm?indid=3665-1&indgeo=0 Interest Rates: Immediate Rates ( 24 Hours): Prime Rates: Total for Canada (IRSTPI01CAM156N): https://fred.stlouisfed.org/series/IRSTPI01CAM156N Bank of Canada may abandon core inflation as 'preferred' measure, deputy governor says: https://financialpost.com/news/bank-of-canada-may-abandon-core-inflation-measure Inflation jumps to 2.4% in September thanks to gas, grocery costs: https://www.thestar.com/business/inflation-jumps-to-2-4-in-september-thanks-to-gas-grocery-costs/article_a8ab3baa-65ca-5957-a97b-fd5af0556808.html Bank of Canada cuts key interest rate to 2.5% as U.S. tariff risks shift: https://www.castanet.net/news/Business/572807/Bank-of-Canada-cuts-key-interest-rate-to-2-5-as-U-S-tariff-risks-shift The number of Canadian companies expecting a recession is rising, Bank of Canada survey shows: https://financialpost.com/news/economy/bank-of-canada-survey-businesses-expecting-recession?itm_source=index Carney government quietly dropped more U.S. counter-tariffs than advertised: https://www.cbc.ca/news/politics/non-sectoral-tariffs-dropped-1.7643253 Mark Carney rejects calls to revive counter-tariffs against U.S., says ‘right now is the time to talk’: https://www.thestar.com/politics/federal/mark-carney-rejects-calls-to-revive-counter-tariffs-against-u-s-says-right-now-is/article_f2748139-c674-4ffb-b252-5a4a1e32c00b.html Bank of Canada plans to keep interest rate near zero until 2023: https://www.cbc.ca/news/canada/bank-of-canada-rate-decision-1.5779813 Bank of Canada lowers overnight rate target to 3/4 per cent: https://www.bankofcanada.ca/2015/01/fad-press-release-2015-01-21/? Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) MarkMitchell@LondonOntarioMortgages.ca Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - https://www.instagram.com/mortgagebrokerlondonontario Facebook - https://www.facebook.com/londonontariomortgages Twitter - https://twitter.com/londonmortgage1/ LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/ TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice.