Bank of Canada Governor to Speak at The Logic Summit on the State of the Canadian Economy
On Monday, October 28, 2024, Tiff Macklem, Governor of the Bank of Canada, will participate in a fireside chat at The Logic Summit in Toronto. The event will be held at 13:30 (Eastern Time) at the Arcadian Court. The event will focus on the current state of the Canadian economy and monetary policy.
The State of the Canadian Economy
The Bank of Canada has been working to reduce price pressures in the Canadian economy through monetary policy. Inflation is now around 2% and is expected to remain near the middle of the Bank of Canada’s control range of 1% to 3% over the projection.
Monetary Policy
Monetary policy forecasts are provided to the Governing Council in preparation for monetary policy decisions. These forecasts are released once a year with a five-year lag.
The Logic Summit
The Logic Summit is an annual event that brings together leaders in business, technology, and government to discuss the future of Canada. This year’s summit will focus on the themes of innovation, growth, and sustainability.
Bank of Canada’s Initiatives
The Bank of Canada is actively involved in addressing issues related to climate change and the financial system. The Bank is taking steps to better understand the impacts of climate change on the economy and to reduce its environmental footprint. The Bank of Canada is also working to build confidence in the safety and reliability of payment service providers’ services while protecting end users from specific risks.
The Future of the Canadian Economy
The Canadian economy is facing a number of challenges, including inflation, rising interest rates, and global uncertainty. However, the Bank of Canada is confident that the Canadian economy will continue to grow in the years ahead. Governor Macklem will discuss these challenges and opportunities in his fireside chat at The Logic Summit.
Conclusion: A Look Ahead
Governor Macklem’s participation in The Logic Summit provides an opportunity for the public to gain insights into the Bank of Canada’s views on the current state of the Canadian economy and its outlook for the future. The summit will be a valuable forum for discussing the challenges and opportunities facing Canada’s economic landscape.
