1146 ET - Capital Economics says it's a close call but the firm reckons the Bank of Canada will keep its main interest rate unchanged next month, even though Gov. Tiff Macklem opened the door for a hike on Oct. 29. CapEcon's Stephen Brown says the BOC is likely to upgrade its CPI forecasts in its next quarterly forecast, given energy prices, tariffs and shrinking spare capacity. Brown says that while this week's BOC minutes suggested officials are ready to raise rates, policymakers also agreed to gauge whether recent momentum fades due to additional US tariffs. "The governing council appears to want more information," Brown says. He adds that pricing in the overnight index-swap market that points to a 125-basis-point rise in the BOC rate by end of 2027 "looks stretched."