Bank of Canada Governor Macklem: Inflation is poised to ease gradually, provided global oil prices decline, prepared remarks show.

Data We Have Received Since April Have Increased Our Confidence That The Economy Is Working Its Way Through Period Of Global Upheaval Longer Term Inflation Expectations Remain Well Anchored We Will Not Let Higher Oil Prices Become Persistent Inflation Biggest Risks Are Conflicts With The Middle East And Trade Relationship With The Us