Governor Tiff Macklem appears before the House of Commons Standing Committee on Finance on Tuesday, accompanied by Senior Deputy Governor Carolyn Rogers, the Bank of Canada said in its media advisory. The appearance runs from 11:00 AM to 1:00 PM Eastern in Room 225-A of the West Block on Parliament Hill, with audio and video webcasts available from the Parliament of Canada website.
The subject is the bank’s recent policy announcement and its Monetary Policy Report. The Governor’s opening statement will be published on the bank’s website at 11:00 AM Eastern, when the appearance begins. There will be no media availability afterwards, the bank said, so the opening statement and the committee exchanges are the record for the day.
The pair repeat the exercise on Thursday, November 5, before the Standing Senate Committee on Banking, Commerce and the Economy. With the policy rate at 2.50 percent and the bank’s recent communications centred on trade uncertainty, weak growth and contained but above target inflation, the two appearances are the week’s main window into whether Governing Council sees the current setting as settled or as one more step in an easing path.