Federal Reserve: In the week of May 3, the balance of U.S. unadjusted commercial paper decreased by $22.8 billion.

Federal Reserve: In the week of May 3, the seasonally adjusted balance of commercial paper in the United States decreased by US$4.2 billion.

Bank of Canada Governor Macklem: Risks to financial stability remain and market sentiment continues to fluctuate; re-emergence of global financial stress could have major spillover effects on Canada.

Bank of Canada Governor Macklem: Uncertainty from high inflation or price instability will not improve financial stability.

Bank of Canada Governor Macklem: If financial stress leads to more tightening than expected and persists, we have to take that into account when setting interest rates.

Bank of Canada Governor Macklem: Unless productivity growth is strong, sustained wage growth of 4-5% will make it difficult for us to reach our 2% inflation target.

Bank of Canada Governor Macklem: I want to make it clear that until inflation stabilizes at the 2% target, our job is not done; tightening monetary policy is working, but monetary policy still has work to do.

Bank of Canada Governor Macklem: Despite continued moderate economic growth, we expect inflation to fall further this summer to around 3%.

Bank of Canada Governor Macklem: There is currently a risk that inflation will significantly exceed the 2% target.

Bank of Canada Governor Macklem: Bank stress reminds us that instability can strike quickly.

Bank of Canada Governor Macklem: Bank of Canada has "a range of tools" to ease financial stress.

Bank of Canada Governor Macklem: We also look at price action and inflation expectations.

Bank of Canada Governor Macklem: It may be more difficult to reduce inflation from 3% to 2%.

Bank of Canada Governor Macklem: Severe financial stress complicates the fight against inflation.

Market news: Brown, chairman of the US Senate Banking Committee, sent a letter to banks to discuss the issue of voice certification.