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Interest rates are working to moderate spending and inflation is easing gradually, though underlying pressures are proving persistent. The Bank projects that inflation will stay around 3% through the first half of 2024, returning to target in 2025.
Bank of Canada: Normalization of the Balance Sheet — Deputy Governor Toni Gravelle speaks before the CFA Society Toronto (9:50 (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.
Interest Rate Announcement — Press conference by Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers (10:30 (ET) approx.).
The effectiveness and the limitations of monetary policy — Governor Tiff Macklem takes questions from reporters following his remarks (14:10 (ET) approx.).
The effectiveness and the limitations of monetary policy — Governor Tiff Macklem speaks before the Montreal Council on Foreign Relations (CORIM) (13:00 (ET) approx.).
Release of the Monetary Policy Report - Press conference by Governor Tiff Macklem and Carolyn Rogers, Senior Deputy Governor (10:30 (ET) approx.).
End-of-year Speech — Governor Tiff Macklem takes questions from reporters following his remarks (14:00 (ET) approx.).
End-of-year Speech — Governor Tiff Macklem speaks before the Canadian Club Toronto (12:40 (ET) approx.).
Economic Progress Report — Deputy Governor Toni Gravelle takes questions from reporters following his remarks (14:10 (ET) approx.).
Economic Progress Report — Deputy Governor Toni Gravelle speaks before the Windsor-Essex Regional Chamber of Commerce (12:50 (ET) approx.).
The cost of high inflation — Governor Tiff Macklem takes questions from reporters following his remarks (13:00 (ET) approx.).
The cost of high inflation — Governor Tiff Macklem speaks before the Saint John Region Chamber of Commerce (11:45 (ET) approx.).
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