Canada and the Bank of Canada renew the 2% inflation target

The Government of Canada and the Bank of Canada said they "agree to renew the inflation-control target" and that "The inflation target will continue to be 2%, the midpoint of the 1% to 3% inflation-control range." They said "The agreement will run for another five-year period, ending December 31, 2031" and that monetary policy "will continue to be conducted in a symmetric manner."