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Bank of Canada Governor MacCallum's press conference ends.
Rogers, Senior Deputy Governor of the Bank of Canada: A strong Federal Reserve keeps markets and inflation stable, which helps reduce interest rate volatility.
U.S. Secretary of State Rubio: As Commander-in-Chief, U.S. President Trump has never ruled out any options, but currently in Venezuela, the only form of military presence will be the Naval Guard stationed at the embassy.
Bank of Canada Governor MacCallum: Businesses tell us they are more focused on exporting more products to existing customers rather than opening up new markets.
U.S. Secretary of State Rubio: We are neither ready, nor do we intend or expect to take any military action against Venezuela at any time.
Bank of Canada Governor Macklem: The era of open, rules-based trade with the United States is "over."
The UK and its allies, including France and Canada, jointly stated: We strongly condemn the demolition of the UNRWA headquarters in East Jerusalem by the Israeli authorities. We call on the Israeli government, a member of the United Nations, to stop all demolitions.
US Secretary of State Rubio: The protests in Iran may have subsided, but they will break out again in the future.
U.S. Secretary of State Rubio: (Asked about the U.S. State Department’s estimate of the death toll in the protests in Iran) It must be in the thousands.
Rosstat: Russia's PPI in December 2025 fell by 3.3% year-on-year and 1.6% month-on-month.
Bank of Canada Governor Macklem: The Bank of Canada Board of Governors believes it is difficult to assign probabilities to risks to the outlook.
Bank of Canada Governor Macklem: The dollar’s safe haven role has been weakened.
U.S. Secretary of State Rubio: Relevant processes have been put in place that will produce good results for everyone in Greenland.
U.S. Secretary of State Rubio: We have a very good relationship with Greenland now.
Bank of Canada Governor Macklem: The recent weakness in the U.S. dollar is largely driven by geopolitical events.
U.S. Secretary of State Rubio: NATO security guarantees are meaningless without U.S. support.
Bank of Canada Governor Macklem: We need to look forward and adapt to the new U.S. trade reality.
US Secretary of State Rubio: What needs to be reimagined is not NATO's purpose, but NATO's capabilities.
U.S. stock market gains narrowed, with the Dow turning lower, the S&P 500 remaining flat, and the Nasdaq rising 0.2%.
Bank of Canada Governor Macklem: Trade diversification can only partially offset the impact of U.S. tariffs.