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In 2021, we renewed Canada’s flexible inflation-targeting framework for 2022 to 2026.
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The Canadian economy is now clearly in excess demand, and inflation is high and broadening. The Bank is projecting inflation to decline to about 3% by the end of 2023, and to return to the 2% target by the end of 2024.
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Current economic situation — Governor Tiff Macklem speaks before the Halifax Chamber of Commerce (11:50 (ET) approx.).
These forecasts are provided to Governing Council in preparation for monetary policy decisions. They are released once a year with a five-year lag.
Time: 11:30–13:30 ETMS Teams Videoconference Contact: