CENTRAL BANK
Canada and the Bank of Canada retain 2% inflation target through 2031
Published by BriefDash · · Toronto
Canada and the Bank of Canada renewed their inflation-targeting agreement on November 5, retaining a 2% target within a 1%–3% control range through December 31, 2031. The measure remains the annual change in consumer prices, with equal emphasis on inflation above and below target. The framework allows flexibility when responding to economic shocks while maintaining the objective of returning inflation to target.
Why it matters
The agreement defines the price-stability goal that guides the Bank’s monetary policy decisions.
Source dated November 5, 2026 · Bank of Canada ↗
Independently adapted by BriefDash from a Bank of Canada statement dated November 5, 2026. The original information is available free from the Bank. No endorsement implied.
Independent factual brief. Original BriefDash illustration. Automated preparation and publication; editorial policy ↗
Suggest a correction ↗