Bank of Canada surveys released on October 19, 2026, showed rising inflation expectations driven by trade tensions, input costs, tariffs, and Middle East conflict pressures on energy.

From the articleCanadian bond yields surge, TSX falls, as markets and some economists pivot to believing a BoC rate hike is imminentAlso in Bank of Canada survey: business sentiment worsens, inflation expectations rise, Bank of Canada Surveys Show Firms Plan to Pass Higher Costs to Customers, Canadian firms' outlooks dimmed after trade talks collapse, BoC survey finds | Reuters, Businesses expect inflation rate to remain above 3% over next two years, Bank of Canada survey says