OTTAWA (CU)_Every five years, the Bank of Canada (BoC), together with the Ministry of Finance, publishes a new monetary policy framework, in which they examine the inflation target set out by them. In its most recent review on Monday, the central bank decided to leave its target for price growth at the 2 per cent midpoint of the 1 to 3 per cent band, but launched a major policy shift, on account of a host of developments in different sectors of the economy.
This week, the apex bank renewed its monetary policy framework, by…
