Raising his social-media profile with a pithy but highly produced video featuring peppy music, graphics and the central-bank governor in an open-necked shirt, Macklem has set out to explain the central bank’s interest-rate increases to the Twitterati. (The Logic)

Talking point: Making borrowing more expensive by raising interest rates when people are already struggling with the cost of living might seem strange, Macklem said, but it’s necessary to take some of the steam out of the economy. Reaction was about normal for the internet—a handful of anonymous accounts egging the bank on to hike its key interest rate a full point in its next update, and others wondering why Macklem hasn’t resigned or been fired. Conservative Leader Pierre Poilievre has made it clear that if he becomes prime minister, he’ll replace Macklem, though the government doesn’t quite have the power to fire the bank governor at will.