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.

Bank of Canada Governor Macklem: Bank of Canada has "a range of tools" to ease financial stress.

Bank of Canada Governor Macklem: We also look at price action and inflation expectations.

Bank of Canada Governor Macklem: It may be more difficult to reduce inflation from 3% to 2%.

Bank of Canada Governor Macklem: Severe financial stress complicates the fight against inflation.

Market news: Brown, chairman of the US Senate Banking Committee, sent a letter to banks to discuss the issue of voice certification.

Airbnb CEO: AI will have a bigger impact than people think

Airbnb CEO: People are more focused on affordability than they were last year.

Russian Economy Ministry: As of May 2, consumer inflation was at an annual rate of 2.42%, compared to 2.55% in the previous week.

CEO of First Horizon Bank: We are still in the process of processing this transaction.

CEO of First Horizon Bank: We have been notified by Toronto Dominion Bank about closing the transaction, and the closing of the transaction has nothing to do with us.