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New Inflation Mandate for BoC Expected to Increase Focus on Employment

CANADA
  • Worth watching the release of the Bank of Canada's inflation mandate refresh in 10 minutes. Finance Minister Freeland will announce the renewed mandate, which is expected to reaffirm the BoC's inflation target at 2%.
  • While the inflation mandate is expected unchanged, it's likely that a few language tweaks will be incorporated to give the BoC more focus on employment, which analysts see as allowing the Bank more flexibility on policy going forward.
  • Freeland and BoC Governor Macklem appear at a press conference an hour later, at 1600GMT/1100ET.

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