The main goal of monetary policy for the Bank of Canada recently has been to maintain high employment in labour markets.

Question

Quizplus · Accepted Answer

The main goal of monetary policy for the Bank of Canada, like most central banks, is to maintain price stability (controlling inflation) and to promote economic well-being and sustainable growth, which indirectly supports employment. However, its primary focus is not solely on maintaining high employment in labor markets.

The Main Goal of Monetary Policy for the Bank of Canada