Tables are selling fast for the upcoming chance to attend in-person the Bank of Canada's Economic Progress Report in Victoria.
The Greater Victoria Chamber of Commerce has secured the Victoria Convention Centre to ensure we have a large enough facility to meet anticipated demand for our June 8 event. The last time the Bank spoke live in Victoria, a sold-out Crystal Garden was filled with business and community leaders who had high praise for the experience.
"Our event is the day after what could be a crucial rate announcement, and we know many will want to better understand how the Bank makes its decisions," Chamber CEO Bruce Williams said. "It's not easy to secure an event of this importance. Business people across the country will have their eyes on Victoria, and it's pretty cool that we get to experience it in-person."
The Economic Progress Report will be broadcast live on. A press conference for national media will take place after the speech and Q&A session with Deputy Governor Paul Beaudry.
Big decision looms for Bank of Canada
With the next announcement on interest rates set for June 7, there are mixed opinions on what the bank will do.
Some analysts are calling for another rate hike to help mitigate the risk of high inflation, while other market strategists say they don't forecast an increase next month.
On May 18, the Bank of Canada's Financial System Review found three areas of concern in the economy.
The next scheduled event, after the interest rate announcement June 7, is the Economic Progress Report speech in Victoria on June 8.