Bank of Canada Governor Macklem: Canada’s path to a soft landing has become narrower.

Bank of Canada Governor Macklem: There may be two to three quarters of slightly negative growth.

Rogers, Senior Deputy Governor of the Bank of Canada: Long-term Treasury yields are one of the many factors we consider.

Bank of Canada Governor Macklem: With oil prices soaring, we will pay special attention to its impact on core inflation.

Bank of Canada Governor Macklem: Inflation expectations in the short term are higher than the Bank of Canada’s forecast.

Bank of Canada Governor Macklem: If a conflict causes oil prices to surge, we need to look at the situation more cautiously than usual, given that inflation has exceeded the target.

Bank of Canada Governor Macklem: The Bank of Canada needs to see downward momentum in core inflation.

Bank of Canada Governor Macklem: This means we have to rely more on interest rates.

Bank of Canada Governor Macklem: We have not had a direct impact from the appreciation of the Canadian dollar in reducing imported inflation.

Bank of Canada Governor McCallum: The Canadian dollar has been relatively stable.

U.S. and Burundi oil prices have basically recovered from their short-term declines and are now trading at $82.92/barrel and $86.90/barrel respectively.

Bank of Canada Governor Macklem: The Russia-Ukraine and Palestinian-Israeli conflicts are damaging the economy and adding uncertainty to the outlook.

Bank of Canada Governor Macklem: We will continue to evaluate whether monetary policy is restrictive enough.

Bank of Canada Governor Macklem: We now expect oil prices to remain above the levels we assumed in July.