Back to today’s briefing

Story perspectives

Bank of Canada Warns of Stagflation Amid Rising Costs

4/22/2026

30 6 Full Breakdown

Summary

Story summary

The Bank of Canada reports rising costs for businesses tied to the war in the Middle East.
A recent survey shows firms adjusting expectations for input prices, especially fuel and freight.
21% of households have canceled or postponed trips due to higher travel costs.
BMO economist Shelly Kaushik says the war poses stagflation risks.
The Bank of Canada kept its policy rate at 2.25% while monitoring inflation trends.

1 of 1

Story summary

The Bank of Canada reports rising costs for businesses tied to the war in the Middle East.
A recent survey shows firms adjusting expectations for input prices, especially fuel and freight.
21% of households have canceled or postponed trips due to higher travel costs.
BMO economist Shelly Kaushik says the war poses stagflation risks.
The Bank of Canada kept its policy rate at 2.25% while monitoring inflation trends.