Libyan Energy Minister: Flooding has no impact on port operations.

Market news: Libyan energy minister said he did not discuss OPEC production at the World Oil Congress.

Bank of Canada Deputy Governor Kozycki: Given the changes in the underlying situation, it will take a long time to compile inflation data.

Kozycki, deputy governor of the Bank of Canada: One of the main drivers of CPI inflation in August was the price of energy and gasoline, which can be quite volatile.

Ukrainian President Zelensky: Prepare to host a global peace summit.

Premier of Alberta, Canada: If the net-zero transition is to be achieved faster, the cost will be higher.

The Premier of Alberta, Canada: The cost of transitioning to zero-emission electricity in Alberta by 2050 is CAD 92 billion.

France has asked the United Nations Security Council to hold a meeting on Thursday over the violence in Nagorno-Karabakh, diplomats said.

Market news: The Colombian government and the largest Revolutionary Armed Forces of Colombia opposition group (FARC) agreed to implement a 10-month nationwide bilateral ceasefire starting on October 8, and they said they would hold peace talks on the same day.

Bank of Canada Deputy Governor Kozycki: Higher interest rates are suppressing consumption and credit.

Kozicki, Deputy Governor of the Bank of Canada: Since the beginning of 2022, the proportion of indebted households that are in arrears on any credit product for at least 60 days has increased significantly.

Bank of Canada Deputy Governor Kozycki: All five-year fixed-rate mortgages issued before 2022 may face significantly higher interest rates at renewal. This situation may last for three and a half years, and the drag on spending may be Lasts longer.

Bank of Canada Deputy Governor Kozycki: We are seeing signs that monetary policy is working, and we recognize that past interest rate hikes will continue to weigh on economic activity.

Bank of Canada Deputy Governor Kozycki: Core inflation indicators have slowed, but recent CPI data indicate that inflationary pressures are still widespread.

Bank of Canada Deputy Governor Kozycki: We will continue to assess whether the evolution of excess demand, inflation expectations, business pricing and wage growth are consistent with achieving the 2% goal.

Kozicki, Deputy Governor of the Bank of Canada: Fluctuations in CPI data over the past few months are not uncommon, but underlying inflation has less downward momentum in the near future.

U.S. Secretary of State Antony Blinken: The United States is deeply concerned about Azerbaijan’s military operations in the Nagorno-Karabakh region and calls on Azerbaijan to immediately cease these operations.

UK Government Spokesperson: We do not comment on speculation.

UK Government Spokesperson: Our approach is always pragmatic and ensures costs are not passed on to hard working families.