Bank of Canada Governor Michael McCallum: The US trade conflict remains the greatest source of resistance.
Bank of Canada Governor Mike Crumb: If U.S. tariffs cause the economy to stagnate, interest rates may need to be cut.
Bank of Canada Governor Michael McCallum said that U.S. tariffs could put downward pressure on Canadian energy prices, reducing the profitability of producers.
Bank of Canada Governor Michael McCollum has cancelled a speech scheduled for February 6 at a bank conference in Mexico.
Bank of Canada Governor Michael McCollum said that we are starting to see some of the impact of the recent rate cuts.
Tiff McCollum, governor of the Bank of Canada, said investment in artificial intelligence could lead to higher inflationary pressures in the short term and raise financial stability concerns. Artificial intelligence could also affect how companies set prices. There is already evidence that more digitised companies adjust prices more frequently than less digitised ones. "Central banks need to pay close attention to how artificial intelligence affects inflation, including indirectly through aggreg...
Bank of Canada Governor Michael McCallum: If inflation continues to slow broadly as we forecast in July, then further rate cuts are a reasonable expectation.