Nationwide public consultations show the Canadian public supports the central bank’s targeting of a 2 percent annual inflation rate, a new report from the Bank of Canada says.
The conclusion comes from consultations held ahead of the central bank’s 2026 monetary policy framework renewal, which takes place every five years. The meetings included ordinary Canadians, private-sector economists, think tanks, and consumer advocates across the country, the central bank said.
“Support for maintaining flexible inflation targeting and the 2% inflation target was strong,” said the report released on June 25. “At the same time, many participants expressed concerns about the high cost of living and housing affordability.”…