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A public speech delivered by Tiff Macklem, the Governor of the Bank of Canada, regarding the nation's economic outlook and monetary policy. These speeches are closely monitored by investors for hints regarding future interest rate changes or shifts in the central bank's hawkish or dovish stance. The subsequent Q&A sessions often provide additional volatility as the Governor clarifies specific policy points.
The speech is a qualitative event consisting of prepared remarks followed by a press conference or audience questions. It does not involve a mathematical calculation but reflects the consensus of the Governing Council.
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