Tiff Macklem: Staying the course to price stability Remarks by Mr Tiff Macklem, Governor of the Bank of Canada, at the Toronto Region Board of Trade, Toronto, Ontario, 4 May 2023. ***  Introduction Good afternoon. I want to thank the Toronto Region Board of Trade for inviting me to speak today.
With regard to final demand, while the decline in business fixed investment has almost come to a halt, private consumption continues to be weak. Moreover, housing investment remains sluggish and public investment is declining. While signs of recovery are still not observed in domestic demand, exports are virtually level. The completion of the cutbacks in inventory stocks still underpins the increase in industrial production.