Robert McLister: Oil spikes only become a real headache if war-fuelled inflation drags on for more than a matter of months
Financial Post ~ Jun 20, 2025
Few economic shocks rattle family budgets more than rising borrowing costs. That’s one reason why wars that rocket oil prices are bad for Canadians’ pocketbooks, and the Israel–Iran conflict may be no exception.
Surging oil prices usually drive up inflation. Above-target inflation is bad enough, but it also tends to either push up interest rates or, at a minimum, prevent them from falling.
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