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Inflation in Canada is still too high but has declined from its peak.
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Release of the Monetary Policy Report — Press conference by Governor Tiff Macklem and Carolyn Rogers, Senior Deputy Governor (11:00 (ET) approx.).
These forecasts are provided to Governing Council in preparation for monetary policy decisions. They are released once a year with a five-year lag.
The results of today's term PRA operations are as follows:
High yield: 3.500%
Low yield: 3.420%
Average Yield: 3.441%
Par Amount Transacted: $2,000,000,000