Until 2011, the Bank of Canada's policy objective is (was)to maintain inflation at or near the target of

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The Bank of Canada's policy objective until 2011 was to maintain inflation at or near a target of 2 percent. This target was chosen to promote price stability and maintain confidence in the value of the Canadian dollar. The Bank of Canada uses various tools, such as adjusting interest rates, to achieve this target. In 2011, the Bank of Canada shifted to a flexible inflation targeting framework, where they set a target range of 1-3 percent and adjust monetary policy to keep inflation within this range.

Until 2011, the Bank of Canada's Policy Objective Is (Was)to