Canada, BoC renew monetary policy framework, reaffirm 2% inflation target

The Government of Canada and the Bank of Canada jointly renewed the monetary policy framework, reaffirming the 2% inflation target as the cornerstone of policy. The statement emphasizes low, stable, and predictable inflation to protect purchasing power, signaling continuity rather than a shift in the policy regime. This renewal reduces near-term policy uncertainty for markets, though no specific changes to the target or mandate were announced.

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