BoC Governor Macklem says inflation forecasts in the July monetary policy report will not change much after including the government fiscal update

Governor Macklem's comments suggest that the Bank of Canada's inflation forecasts are stable despite the forthcoming government fiscal update. This stability indicates that the BoC is likely to maintain its current monetary policy stance, which could support the CAD and influence fixed income markets as traders reassess the central bank's trajectory amidst evolving economic conditions.