Bank of Canada Governor MacCallum: It may take longer for interest rate hikes to translate into downward pressure on inflation.

Bank of Canada Governor Macklem: We are not trying to stifle economic growth, price stability is the cornerstone of a market economy.

Bank of Canada Governor Macklem: The central bank is concerned that higher-than-normal price increases are still widespread.

Bank of Canada Governor Macklem: Inflation is still too high and underlying inflation has no obvious downward momentum.

Bank of Canada Governor Macklem: The central bank is worried about slowing progress in lowering inflation.

Bank of Canada Governor Macklem: Monetary policy may not be enough to restore price stability.

Italian Prime Minister Meloni: Italy is still evaluating options for new regulations on non-performing loans.

Italian Prime Minister Meloni: If EU countries fail to reform EU budget rules before the end of 2023, I will raise the issue of extending the suspension of the rules.

Mexican presidential candidate Galvez wants to reopen the energy market.

Italian Prime Minister Meloni: There are currently no measures for non-performing loans.

Italian Prime Minister Meloni: The economic slowdown is foreseeable and resources in the 2024 budget need to be focused on the most important priorities.

JPMorgan Chase is optimistic about short-term oil prices, but still believes that oil prices will not exceed US$100 per barrel in 2023.

IBM, Palantir to add AI protections.

The Fed has accepted a total of $1.535 trillion from 97 counterparties in fixed-rate reverse repurchase operations.

General Motors (GM.N) is proposing to the United Auto Workers union a 10% pay increase over four years for U.S. workers, a 56% lifetime raise for entry-level workers and a 16% overall increase for the highest-ranking workers.

Peruvian Ministry of Energy and Mines: Peruvian copper production in July increased by 17.7% year-on-year to 229,728 tons.