Finance Minister Chrystia Freeland announced Canada’s monetary policy framework for the next five years on Monday, odd given that Prime Minister Justin Trudeau said during the election campaign he doesn’t think about monetary policy.
Freeland, representing the Trudeau government, and Bank of Canada governor Tiff Macklem representing its governing council, jointly agreed that Canada’s annual inflation target will be 2%, with a range of 1% to 3%, from 2022 to 2026.
