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Monetary Policy Decision

· Tiff Macklem, Governor of the Bank of Canada (Canada)

Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, inflation and price stability, climate, energy and nature, trade, fragmentation and geopolitics

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· Tiff Macklem Wiki · Bank of Canada WikiMonetary Policy Decision

ContextOpening statement by Tiff Macklem, Governor of the Bank of Canada and Carolyn Rogers, Senior Deputy Governor of the Bank of Canada, at the press conference following the monetary policy decision, Ottawa, Ontario, 2 September 2026.

Why it mattersThe Bank of Canada's explanation of its September decision, with new US tariffs and high energy prices as the two main risks.

Problems raised
  1. New US tariffs threaten Canada's economic rebound.
  2. The Middle East conflict keeps energy prices high for longer.
  3. High oil prices could turn into persistent inflation.
Solutions proposed
  1. Monitor whether the economic rebound is sustainable.
  2. Watch the inflation outlook closely, especially energy spillovers.
  3. Stand ready to adjust monetary policy as needed.
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