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The Middle East oil shock

Oil is sold on a world market, so Canadian refiners pay the world price. No official negotiations to end the war are under way.

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Claims from: The Bank of Canada holds its rate at 2.25 per cent · Show all story claims

A caller to a radio show in September 2026 says the Bank of Canada should raise its rate to bring gasoline prices down. What would the Bank's own statements of September 2 say to that?

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This question uses evidence available by Sep 2, 2026. Explore the linked timeline moment for context.

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