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Patterson: Promoting Canada’s economic and financial well-being
What does the Bank of Canada do? Global and Canadian economic outlook The mandate of the Bank of Canada is to contribute to the economic well-being of Canadians. Four key responsibilities: • Monetary policy • Financial system • Currency • Funds management Our objective: To safeguard confidence in the value of money by keeping inflation low, stable and predictable. • target of 2 per cent established in agreement with the federal government Benefits: • greater certainty of future buying power • lower interest rates • lower unemployment rate and more-stable economic growth The inflation-targeting ... (full story)