Bank of Canada Governor Macklem: By historical standards, our interest rate gap with the Fed is only 50 basis points, which is not large.

Market news: An air raid siren was issued in and around Kiev, and witnesses heard gunshots in the city.

The Fed accepted a total of $2.242 trillion from 101 counterparties in fixed-rate reverse repurchase operations.

US Vice President Harris: I support the advancement of new artificial intelligence regulations and support new legislation.

US Vice President Harris: Private companies should be responsible for the safety of AI products.

Artificial intelligence has the potential to improve lives but could raise security and civil rights concerns, U.S. Vice President Harris said after a meeting with technology company CEOs.

Software AG: Silver Lake raised its takeover offer to 32.00 euros per share.

Federal Reserve: In the week of May 3, the balance of foreign financial and commercial paper in the United States decreased by US$11.3 billion without seasonal adjustment.

Federal Reserve: In the week of May 3, the balance of U.S. unadjusted commercial paper decreased by $22.8 billion.

Federal Reserve: In the week of May 3, the seasonally adjusted balance of commercial paper in the United States decreased by US$4.2 billion.

Bank of Canada Governor Macklem: Risks to financial stability remain and market sentiment continues to fluctuate; re-emergence of global financial stress could have major spillover effects on Canada.

Bank of Canada Governor Macklem: Uncertainty from high inflation or price instability will not improve financial stability.

Bank of Canada Governor Macklem: If financial stress leads to more tightening than expected and persists, we have to take that into account when setting interest rates.

Bank of Canada Governor Macklem: Unless productivity growth is strong, sustained wage growth of 4-5% will make it difficult for us to reach our 2% inflation target.

Bank of Canada Governor Macklem: I want to make it clear that until inflation stabilizes at the 2% target, our job is not done; tightening monetary policy is working, but monetary policy still has work to do.

Bank of Canada Governor Macklem: Despite continued moderate economic growth, we expect inflation to fall further this summer to around 3%.

Bank of Canada Governor Macklem: There is currently a risk that inflation will significantly exceed the 2% target.

Bank of Canada Governor Macklem: Bank stress reminds us that instability can strike quickly.