Lates News

Bank of Canada Governor Macklem: The economy is undergoing a stage of structural transformation. Economic activity is weak, uncertainty is unusually high, and risks may change; monetary policy may need to adapt flexibly. The committee will continue to monitor the impact of the Middle East war on short-term overall inflation. Officials agree on the need to be cautious about the short-term impact of the Iran war on CPI. The committee will not allow high energy prices to become persistent inflation.