# Canada interest rate: Markets bet a cut next month on Iran war

> Markets increased the odds of a Bank of Canada rate hike, pricing in more than a 20% chance of an increase next month and a potential 75 basis points of tightening by year-end. The shift followed rising energy prices and inflation concerns amid the Iran war and the closure of the Strait of Hormuz; the Bank of Canada has held its policy rate at 2.25% since October.

- Date: 2026-11-08 · published 2026-11-08T15:09:21.473Z
- Category: geopolitics · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/87653-canada-interest-rate-markets-bet-a-cut-next-month-on-iran-war
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Disrupted energy flows through the Strait of Hormuz are pushing up energy costs and could raise inflation and operating expenses across supply chains. Higher energy prices may also increase feed production and transport costs, though the article gives no specific feed commodity price impact.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-02-28 | [Iran war throws oil market into biggest crisis in decades \| Reuters](https://feedsoft.ai/events/20769-iran-war-throws-oil-market-into-biggest-crisis-in-decades-reuters.md) | +35.6% | +50.4% |
| WTI | 2025-06-13 | [WTI crude surges after Israel attack on Iran \| Latest Market News](https://feedsoft.ai/events/11155-wti-crude-surges-after-israel-attack-on-iran-latest-market-news.md) | +10.2% | +1.1% |
| WTI | 2026-04-02 | [WTI Crude Oil Jumps 51% in a Month on Iran War Supply Shock \| Investing.com](https://feedsoft.ai/events/12731-wti-crude-oil-jumps-51-in-a-month-on-iran-war-supply-shock-investing-com.md) | -2.2% | +6.1% |
| WTI | 2024-03-25 | [US biofuel inputs hit multiyear highs on war, policy \| Latest Market News](https://feedsoft.ai/events/31291-us-biofuel-inputs-hit-multiyear-highs-on-war-policy-latest-market-news.md) | +4.1% | +3.2% |
| WTI | 2026-01-14 | [WTI Nears Three-Month High As Iranian Protests Stoke Global Oil Market Concerns](https://feedsoft.ai/events/11395-wti-nears-three-month-high-as-iranian-protests-stoke-global-oil-market-concerns.md) | -0.8% | +6.2% |
| BRENT | 2026-03-30 | [Canadian dollar hits nearly four-month low as war raises growth concerns \| MarketScreener Canada](https://feedsoft.ai/events/20392-canadian-dollar-hits-nearly-four-month-low-as-war-raises-growth-concerns.md) | +1.2% | -5.1% |
| BRENT | 2026-02-28 | [Iran war throws oil market into biggest crisis in decades \| Reuters](https://feedsoft.ai/events/20769-iran-war-throws-oil-market-into-biggest-crisis-in-decades-reuters.md) | +31.0% | +62.6% |
| BRENT | 2025-06-13 | [European oil product markets jump on Israel-Iran war risk](https://feedsoft.ai/events/7760-european-oil-product-markets-jump-on-israel-iran-war-risk.md) | +12.0% | -0.8% |

## Sources

- europesays.com: https://www.europesays.com/unitedstates/104527/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.