What if oil prices remain higher than we expect?

Higher oil prices would not provide as large a boost to the Canadian economy as in the past but, at a time when GDP is already set to rise above potential and inflation is well above target, they still raise the chance that the Bank of Canada could tighten policy more aggressively than we assume.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.