The primary focus of monetary policy in Canada is

Question

Quizplus · Accepted Answer

The primary focus of monetary policy in Canada is to maintain price stability, which is generally defined as keeping the inflation rate low, stable, and predictable. The Bank of Canada's inflation target is set at 2%, and it uses various monetary tools to influence inflation rates in the economy. While other variables such as unemployment and real GDP growth are also important, they are not the primary focus of monetary policy in Canada.

The Primary Focus of Monetary Policy in Canada Is