In Canada, targeting the inflation rate was intended as a temporary measure on a journey to price-level stability, but … account, changing beliefs about the stability or otherwise of ongoing inflation, the capacity of a flexible exchange rate to … inflation targeting arrived on the scene only after the Canadian regime was well established. …

This paper outlines a strategic plan for the development of the fourth generation of Bank of Canada projection and … understanding of inflation dynamics, the supply side of the economy and the underlying risks faced by policy-makers coming from …

In this paper, the authors propose a measure of underlying inflation for Canada obtained from estimating a monthly … measures of underlying inflation monitored by the Bank of Canada. … distort the signal in many other measures of underlying inflation, and appears to capture price movements that are indicative …