Mr. Michael Gregory (Managing Director, Deputy Chief Economist and Head of U.S. Economics, BMO Capital Markets) at the Finance Committee

On March 23rd, 2023. See this statement in context.

March 23rd, 2023 / 11:05 a.m.

Michael Gregory Managing Director, Deputy Chief Economist and Head of U.S. Economics, BMO Capital Markets

Thank you, Mr. Chair and honourable members, for the invitation to appear before you as part of your study on inflation.

My name is Michael Gregory, and I'm the deputy chief economist at the Bank of Montreal. I will focus my opening comments on the Canadian economy and touch a bit on the U.S. inflation situation.

The bottom line is that Canadian inflation is coming down after peaking at 8.1%—

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