Bank of Canada Governor Macklem Outlines Monetary Policy Report Deliberations at Press Conference

What the Bank of Canada Published

The Bank of Canada released the opening statement for its Monetary Policy Report press conference on 2026-10-28. In it, Governor Tiff Macklem discusses the Monetary Policy Report and the key issues involved in the Governing Council's deliberations about the monetary policy decision.

Why It Matters for Markets

The Monetary Policy Report and the accompanying press conference are closely followed communications from a major central bank. The opening statement offers insight into how the Governing Council weighed the issues behind its decision. Market participants often read such statements for the reasoning behind a policy decision, and for any signals about how policymakers view the economic backdrop.

The source announcement is a summary only. It does not list specific figures, policy rate levels or forecasts, so readers should consult the full statement on the Bank of Canada's official website for the details.

Notes for EA trading

Central bank press conferences and policy communications can bring sharp, short-lived volatility, particularly in currency pairs involving the Canadian dollar. Spreads may widen around these events, and order execution can be less predictable. Traders running EAs may want to consider pausing automated systems around major releases and reviewing their risk settings beforehand.