Bank of Canada signals further rate hikes! Meeting minutes: elevated oil prices raise inflation risks; economic uncertainty will not hinder policy action.

Zhitong Finance APP has learned that the minutes of the Bank of Canada's October monetary policy meeting, released on Tuesday, show that although persistently high international oil prices and the trade dispute with the United States have brought major uncertainty to Canada's economic outlook, policymakers believe these risks do not mean the central bank must pause action. If inflationary pressures persist, the Bank of Canada may still raise interest rates further.