Reuters ahead with details of Canada’s monetary policy framework renewal

Reuters was first to report that the Bank of Canada will continue to target 2% inflation when the central bank and the Canadian government jointly release their new monetary policy framework, which is renewed every five years. Citing a source familiar with the matter, Reuters reported that the renewal will include new language on the importance of employment to the economy. The Bank of Canada and the Canadian government released their new policy two days later, confirming the details revealed by Reuters.