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Stock impact report

War-driven oil spike tests Bank of Canada's resolve while TSX buckles [Wealth Professional (Canada)]

Methanex Corporation (MEOH) 
Last methanex corporation earnings: 1/29 05:01 pm Check Earnings Report
US:NASDAQ Investor Relations: methanex.com/investor-relations
The Bank of Canada is holding rates steady – but warning it stands ready to hike if the Iran war's energy shock turns into persistent inflation, just as the S&P/TSX Composite suffers its worst day in two weeks. The bank kept its key policy rate at 2.25 percent on Wednesday, as expected, while Governor Tiff Macklem cautioned he is prepared to raise borrowing costs if higher energy prices spill over into broader price pressures, according to Reuters The bank said the Middle East conflict will drive up gasoline prices and boost inflation in the short term, even though inflation had hovered near its 2 percent target for almost a year before the war. Reuters reports that Macklem said the Governing Council will “look through the war's immediate impact on inflation ” but will act if high energy prices risk “persistent inflation.” He said, “I don't think you measure this in weeks ... We have got some time to make that assessment.” He also noted that “we can raise the policy interes Show less Read more
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