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February 5, 2026

Media Availability: Empire Club of Canada

Structural change – Canada at a crossroads — Governor Tiff Macklem takes questions from reporters following his remarks (14:00 (ET) approx.)

February 5, 2026

Speech: Empire Club of Canada

Structural change – Canada at a crossroads — Governor Tiff Macklem speaks before the the Empire Club of Canada (12:40 (ET) approx.).

February 5, 2026

Structural change—Canada at a crossroads

Remarks Tiff Macklem Empire Club of Canada Toronto, Ontario
Governor Tiff Macklem discusses how structural change—driven by U.S. protectionism, AI, and slowing population growth—is reshaping Canada’s economy. He outlines the Bank’s role in maintaining low and stable inflation while helping the economy through the transition.

Sajjad Jafri

Sajjad Jafri
Sajjad Jafri is a Director in the Supervision Department (SUP) at the Bank of Canada.

Hedge funds and their trading strategies in the Government of Canada bond market

Sparks at Bank article Andreas Uthemann, Adrian Walton
Hedge funds are active in Canadian government bond markets and help improve market efficiency. But their trading strategies are not well understood. We offer insights into the range of strategies hedge funds use beyond the more commonly known cash-futures basis trade. We also explore the concentration of trading activity among a few large funds.
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