Bank of Canada seeking price stability, not deflation, deputy governor says

Biztoc.com - 26 november 2024

Bank of Canada seeking price stability, not deflation, deputy governor says

The Bank of Canada’s goal is to keep inflation low and stable, not to cause prices to decline, a bank official said in in a Tuesday speech. With the rate of inflation back at the bank’s 2-per-cent target, concerns about price pressures should “once again fade…

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