Bank of Canada Anticipates Sub‑3% CPI

Bank of Canada Governor Tiff Macklem said a CPI figure is expected on Monday but the headline rate will stay below 3%.
He spoke after IMF meetings in Washington, noting central banks fear early rate hikes amid weak growth and oil price shocks.
Macklem also said he discussed Anthropic PBC’s Mythos artificial‑intelligence model with Federal Reserve Chair Jerome Powell during the meeting.
The expectation of sub‑3% inflation suggests the Bank of Canada will likely keep policy accommodative, influencing Canadian market sentiment.