# Bank of Canada May Hike Rates in 2026

> Bank of Canada governor Tiff Macklem hints at possible rate hikes in 2026 despite current inflation trends.
- Title: Bank of Canada May Hike Rates in 2026 · Financialpost
- Summary: Bank of Canada governor Tiff Macklem hints at possible rate hikes in 2026 despite current inflation trends. Bank of Canada could still raise interest rates…
- Keywords: bank of canada, tiff macklem, inflation, interest rates, canada, central bank, money, business, Bank, May, Hike, Rates
- Source: Financialpost — https://financialpost.com/news/economy/bank-of-canada-could-still-hike-rates-2026
- Read time: 1 min
- Topics: bank of canada, tiff macklem, inflation, interest rates, canada, central bank, money, business
## Bank of Canada Governor Tiff Macklem
Tiff Macklem, Bank of Canada governor, appeared hawkish in IMF interview.

> The question we’re going to be asking ourselves is, ‘Is inflation likely to come back down towards our target on its own or are we going to have to raise interest rates to influence the path?’
## Canada's Inflation Rate
Canada’s headline inflation rose to 3.1 per cent year over year in September.
## Core Inflation Slows
Core inflation slowed to 1.9 per cent month over month and 1.8 per cent year over year in September.
## Central Bank Target
Bank of Canada’s target range for inflation is one per cent to three per cent.
## Economists' View
Bank of Montreal economist Douglas Porter expects Bank of Canada to hike rates despite current inflation trends.
## Key takeaway

Bank of Canada could still raise interest rates in 2026 as inflation remains above target.