Bank of America: Surging Oil Prices Make Rate Hikes Possible for Bank of Canada

Deep Tide TechFlow News, March 17 — According to Jin10 Data, U.S. Federal Reserve economist Carlos Capristani insists that the Bank of Canada will keep interest rates unchanged for the remainder of 2026, but he also admits that due to fluctuations in energy prices, there is a risk of “rate hikes or multiple rate hikes” in the coming months. He expects the Bank of Canada governor to emphasize the economic uncertainties caused by the Middle East conflict and to outline the potential impacts of rising oil prices. He predicts that the Bank of Canada may hint that the timing of its next move is uncertain, but will not specify a possible direction. Traders have already factored in the possibility of at least one rate hike by the end of 2026.

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