On Monday, 24 October 2016, the Governor of the Bank of Canada, Stephen S. Poloz, will appear before the House of Commons Standing Committee on Finance. He will be accompanied by Senior Deputy Governor Carolyn Wilkins.
On Monday, 24 October 2016, Bank of Canada officials will provide a telephone briefing to journalists on the Renewal of the Inflation-Control Target. An opportunity to ask questions will also be provided.
The Government of Canada and the Bank of Canada agreed that the inflation target will continue to be defined in terms of the 12-month rate of change in the total CPI, that it will continue to be the 2 per cent mid-point of the 1 to 3 per cent inflation-control range, and that the agreement will run for another five-year period, ending 31 December 2021.