[Bank of Canada Governor: Inflation Risks Rising, Multiple Rate Hikes May Be Necessary If Needed] According to a report by Jinse Finance, on September 3, Bank of Canada Governor Tiff Macklem stated at a press conference that the current inflation level in Canada remains excessively high, primarily concentrated in gasoline and energy prices. Macklem pointed out that the greater risk to current inflation lies in the developments in the Middle East, how long oil prices will remain elevated, and how high they might ultimately rise. The central bank will closely monitor inflation data and make policy decisions accordingly. He emphasized that the central bank has limited tolerance for high inflation, and if it determines that inflation poses a persistent issue, multiple rate hikes may be necessary. However, raising rates is not the only possible outcome, as the central bank is prepared to adjust monetary policy as needed. Meanwhile, the Canadian economy is steadily developing amid a new phase of trade disputes, but new U.S. tariff measures will put pressure on economic growth in the fourth quarter. Macklem also noted that global bond yields have had some spillover effects on Canada, which the central bank will take into account. If monetary policy fails to achieve its objectives, the market will undergo a repricing.