Canada Daily

The Bank of Canada Wants You to Know When It’s OK to Do Nothing

Plus: AirAsia gets on board with Buy Canada

Tiff Macklem, governor of the Bank of Canada, right, and Carolyn Rogers, senior deputy governor of the Bank of Canada.Photographer: David Kawai/Bloomberg

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By Erik Hertzberg

May 6, 2026 at 9:16 PM UTC

Welcome back to Canada Daily, the newsletter on business, economics and politics from Vancouver to Montreal and beyond. If this was forwarded to you, sign up.

“Transitory” is something of a dirty word for central bankers. But they’re still obsessed with it.