Official figures

Bank of Canada and government keep 2% inflation target for another five years

The Bank of Canada and the federal government said on November 5 that they have renewed the monetary policy framework for five years, from January 2027 to December 2031. In a joint statement, they kept the inflation target at 2%, the midpoint of a 1% to 3% control range. The Bank said it will keep using the framework's flexibility when shocks hit the economy, while keeping its focus on bringing inflation back to target over time.

Economy. Added November 8, 12:08 pm Saskatchewan time.References 1