The Globe and Mail reports in its Saturday, May 24, edition that Bank of Canada Governor Tiff Macklem has been balancing two roles this week: focusing on inflation as a central banker and acting as an international statesman in Banff, where he is hosting influential economic policy-makers while seeking to repair Canada's relationship with the U.S. amid fallout from President Donald Trump's trade policies. The Globe's Mark Rendell writes that as co-chair of the G7 finance ministers and central bankers meeting with Finance Minister Francois-Philippe Champagne, Mr. Macklem met with counterparts from the U.S., Japan, Britain, France, Italy and Germany. The gathering yielded no breakthroughs on tariffs and trade but avoided public disputes. U.S. Treasury Secretary Scott Bessent and the group found common ground on issues like Chinese industrial subsidies and financial crime, resulting in a joint communique. On Tuesday, Statistics Canada released inflation numbers showing a decline in headline inflation but an increase in core measures. This prompted financial markets to reduce expectations for another interest rate cut at the BOC's upcoming policy announcement on June 4.