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Macklem Just Raised the Inflation Alarm: What Monday’s CPI Means for Your Wallet

  Canadian Money Brief  |  Sunday, October 18, 2026  |  Written ahead of Monday’s 8:30 am ET inflation release Bank of Canada Governor Tiff Macklem has just told Canadians what the central bank is about to say on October 28: its inflation forecast is going up, and by a lot. The reason is oil. With the Middle East conflict dragging on, shipments still curtailed and refinery capacity damaged, he said the risk that inflation broadens and lingers has gone up. Speaking to reporters from Bangkok on Saturday, he framed the coming decision as a simple question: will inflation drift back toward 2% on its own, or does the Bank need to raise rates to nudge it there? Monday is the first real clue. Here is what is landing, what economists expect, and what it could mean for your gas bill, your grocery cart, your heating costs and your mortgage. 3.0% August CPI, year over year 3.2% September consensus (Reuters poll) 2.25% BoC policy rate, unchanged for nearly a year Oct 28 Rat...
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Macron Faces Farmer Fury: Protests Erupt at Paris Agricultural Fair

 


French President Emmanuel Macron encountered a chorus of boos and whistles as he stepped onto the stage at the Paris Agricultural Fair. The disgruntled farmers, their frustrations simmering, squarely pointed fingers at Macron, accusing him of insufficient support for their struggling industry.

For months, farmers across France have raised their voices in protest. Their grievances echo through the rolling fields and bustling markets. They demand better living conditions, streamlined regulations, and robust protection against what they perceive as unfair foreign competition. The stakes are high, and the agricultural sector’s survival hangs in the balance.

As the fair gates swung open, several dozen protesters breached security barriers, their anger palpable. Macron, scheduled to address the crowd, faced a sea of discontent. Riot-clad police formed a human shield, preventing the demonstrators from reaching the president. Whistles pierced the air, and slogans called for his resignation.

In a separate room, Macron met with representatives from France’s main farmers’ unions. He acknowledged their plight, promising “floor prices” for agricultural products to stabilize incomes. An emergency relief plan for struggling farms would kick off imminently. But the farmers pressed him further. “Give oxygen to the farmers,” one implored. Macron defended his administration’s efforts, emphasizing that progress had been made.

The Paris Agricultural Fair, delayed by hours due to the protests, eventually commenced. Macron, surrounded by Normandy cows and wheels of camembert cheese, navigated the exhibition. Whistles persisted, punctuating his interactions with farmers. Meanwhile, across Europe, agricultural communities rallied against bureaucratic hurdles and restrictive environmental rules.

As the sun dipped below the horizon, the fairgrounds buzzed with tension. Macron’s promise of change hung in the air, a delicate balance between political resolve and farmer fury.


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