{
  "id": 8255744,
  "title": "Bank of Canada: Rate path risks tilt earlier – RBC",
  "url": "https://urgent.news/2026/09/18/bank-of-canada-rate-path-risks-tilt-earlier-rbc",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T14:04:20.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/bank-of-canada-rate-path-risks-tilt-earlier-rbc-202609181404"
  },
  "original_language": "en",
  "account": "Royal Bank of Canada (RBC) economist Nathan Janzen points out that markets are concentrating on the possibility of the Bank of Canada (BoC) raising interest rates in October, following the Federal Reserve's move. Janzen emphasizes that Governor Tiff Macklem's upcoming speech in Halifax and the central bank's focus on inflation passthrough from higher energy prices are key factors. RBC's base case anticipates gradual rate hikes starting in early 2027; however, there is a growing concern that risks are shifting towards earlier tightening. The BoC Governor is set to deliver a speech on \"economic developments\" on Monday, which could offer further insight before the BoC's interest rate decision on October 28. Recently, the central bank's attention has shifted to whether the BoC will hike rates later in October after the Federal Reserve raised rates for the first time since 2023. At their last meeting, the BoC raised concerns about the broader inflation implications stemming from higher energy prices. Meeting minutes, however, clarified that policymakers are more concerned with the passthrough to general inflation rather than elevated oil prices, which the central bank cannot control. The forecast risks are currently leaning towards earlier hikes.",
  "summary": "Nathan Janzen at Royal Bank of Canada (RBC) notes that markets are focused on whether the Bank of Canada (BoC) will raise rates in October after the Federal Reserve’s (Fed) move.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}