Diesel Prices and Inflation

As everyone knows, the USA is drastically affecting just about everything with regards to the global economy. Inflation and with it the "normal" response from the Bank of Canada will be to raise interest rates. However, I don't think that is the right thing to do, because the way that raising the base interest rate affects inflation is to "reduces demand for goods and services". It's not consumer demand The inflation that we are all experiencing in 2026 is not consumer demand though, its the cost of goods. With supply and demand, the price you pay is the balance of how much of a thing there is and how much demand there is for that thing. That said, our economy runs on diesel, and if every single car on the road today was an EV, this wouldn't change a thing. Every land based truck, tractor, etc needs diesel to move things around, and when diesel goes up, the cost of getting that product to the store, or your doorstep goes up too. In 2025 the price of diesel was pretty steady, hovering…