BoC Governor Macklem says we are comfortable where we are in regards to interest rates

All economies are facing similar shocks, but starting from differenet bases. Canadian economy is soft. There is slack in the labour market. Inflation is clearly above target. That is a dilemma for monetary policy. Reiterates BoC at bottom end of netural range (2.25-3.25%). About the right level to keep inflation contained. On forward guidance, we have to be humble, there are a lot of risks out there. If situation changes, we are prepared to take action. Trade continues to be a headwind. AI investment in US leads to headwinds and competitive pressure. It is an open question when AI driven disinflation kicks in. Short term saw an increase in computer prices.