BoC Governor Macklem says inflation should peak in early April of 2027, then ease to 2% throughtout the year. Will not allow energy prices to remain high for long

BoC Governor Macklem's comments suggest a clear commitment to managing inflation, indicating a belief that it will peak in early 2027 before trending back down to the target of 2%. The emphasis on not allowing high energy prices to persist signals potential interventions, likely aimed at influencing market expectations regarding future rate paths and supporting the CAD in both fixed income and currency markets.