The Bank’s mandate is to conduct monetary policy to promote the economic and  nancial well-being of Canadians. Canada’s experience with in ation targeting since 1991 has shown that the best way to foster con dence in the value of money and to contribute to sustained economic growth, employment gains and improved living standards is by keeping in ation low, stable and predictable. In 2016, the Government and the Bank of Canada renewed Canada’s in ation-control target for a further  ve-year period, ending 31 December 2021. The target, as measured by the total consumer price index (CPI), remains at the 2 per cent ... (full story)