Bank of Canada to maintain current inflation mandate: Freeland

Canadian Deputy Prime Minister and Finance Minister Chrystia Freeland announced Monday that the Bank of Canada and federal government had renewed its inflation targeting mandate for five years, with the central bank keeping its inflation target at two per cent. However, Freeland added that If needed, the bank would allow inflation to sit closer to either end of its one to three per cent target range for short periods in relation to fluctuations in the labour market and global economy.