The Bank of Canada has updated its policy framework, sharpening its focus on maintaining price stability and reaffirming its commitment to achieving a 2% inflation target. The central bank, in collaboration with the Department of Finance, outlined its monetary policy strategy for the next five years. This marks the first revision under Prime Minister Mark Carney, who previously served as the Bank of Canada’s governor from 2008 to 2013.
The renewed framework emphasizes the importance of hitting the 2% inflation target as the bank’s top priority. The policy shift comes as part of a broader effort to ensure economic stability and manage inflation expectations effectively. The Bank of Canada’s marching orders were released on Thursday, November 5, 2026, at 10:46 PM UTC.