The statements made by the Governor of the Bank of Canada, Tiff Macklem, yesterday Tuesday, addressed the following points:

The Bank of Canada continues to assess whether monetary policy is sufficiently tight or not.
If inflationary pressures persist, the Bank of Canada is ready to raise interest rates further to restore price stability.
Maintaining good financial conditions is very important.
Low growth and higher interest rates will affect the government’s budget.
The Bank of Canada kept interest rates unchanged because monetary policy is working to ease price pressures and calm the economy.
Fiscal policy in Canada is not in an unsustainable position.
The Bank of Canada did not speak about lowering interest rates.
Notably, the Bank of Canada’s Monetary Policy Committee decided last month to keep interest rates unchanged at 5.00%. The Governor of the Bank of Canada, Macklem, recently stated that the Bank of Canada cannot influence inflation imported from abroad, so the Bank of Canada must rely more heavily on the interest rate tool to control inflation.