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Monetary policy is working to reduce inflationary pressures and inflation is coming down, although it will take more time to see if this progress proves durable. The Bank projects that inflation will stay around 3% into the second quarter of 2024, ease below 2.5% in the second half of the year and return to target in 2025.
Release of the Monetary Policy Report – Press conference by Governor Tiff Macklem and Carolyn Rogers, Senior Deputy Governor (10:30 (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.
Economic Progress Report — Deputy Governor Toni Gravelle takes questions from reporters by videoconference following his remarks (15:15 (ET) approx.).
The Indigenous economy in Canada: Partnering to promote — Deputy Governor Lawrence Schembri speaks by videoconference (17:05 (ET) approx.).
Opening Statement before the Symposium on Indigenous Economies — Governor Tiff Macklem speaks by videoconference (14:00 (ET) approx.).
Labour market uncertainties and monetary policy — Deputy Governor Lawrence Schembri speaks by videoconference (12:00 (ET) approx.).
Global financial architecture — Governor Tiff Macklem takes questions from reporters by videoconference following his remarks (13:30 (ET) approx.).
Global financial architecture — Governor Tiff Macklem speaks by videoconference (12:00 (ET) approx.).
Economic progress report: QE and the reinvestment phase — Governor Tiff Macklem speaks by videoconference (12:00 (ET) approx.).
Release of the Financial System Review — Press conference by Governor Tiff Macklem. (11:00 (ET) approx.).
The benefits of an inclusive economy — Governor Tiff Macklem takes questions from reporters by videoconference following his remarks (12:30 (ET) approx.).
Payments Innovation Beyond the Pandemic — Deputy Governor Timothy Lane speaks by videoconference to the Institute for Data Valorisation (IVADO). (11:30 (ET) approx.)
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