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Monetary Policy Report – July 2023
The objective of Canada’s monetary policy is to promote the economic and fi nancial well-being of Canadians. Canada’s experience with infl ation targeting since 1991 has shown that the best way that monetary policy can achieve this goal is by maintaining a low and stable infl ation environment. Doing so fosters confi dence in the value of money and contributes to sustained economic growth, a strong and inclusive labour market and improved living standards. • In 2021, the Government of Canada and the Bank of Canada renewed the fl exible infl ation-targeting strategy of the monetary policy framework for a further ... (full story)
Added at 10:06am
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BOC: INFLATION TO AVERAGE 3.7% IN 2023 (VS 3.5% IN APRIL), 2.5% IN 2024 (VS 2.3%), 2.1% IN 2025.
— Breaking Market News (@financialjuice) July 12, 2023