Regulatory Alerts2026-05-04
Added · Updated
Opening Statement before the House of Commons Standing Committee on Finance
Bank of Canada Governor Tiff Macklem informed the House of Commons Standing Committee on Finance that the Governing Council maintained the policy interest rate at 2.25% to balance economic growth against rising inflation driven by global energy shocks. The central bank projects inflation will peak near 3% in April before easing to the 2% target, while acknowledging that elevated geopolitical risks and potential US trade tariffs create significant uncertainty for the economic outlook. Monetary policy remains data-dependent and nimble, with the Bank prepared to adjust rates either downward to support growth or upward to prevent persistent inflation if energy prices remain elevated.
Topics
monetary
Share