1428 ET – BofA Securities expects higher oil and gasoline prices will drive inflation in Canada to 2.2% by year-end, hotter than the 1.8% it previously forecast, though core measures of inflation are likely to continue easing. That should keep the Bank of Canada on hold for the rest of 2026, it reckons. In BofA’s view, the central bank is unlikely to raise interest rates so long as inflation expectations remain anchored, though it sees risks if oil prices stay elevated or there is a larger-than-anticipated fiscal impulse from the federal government’s 2025 budget. (robb.stewart@wsj.com; @RobbMStewart)