Bank of Canada and Government of Canada Issue Joint Statement on Renewing Monetary Policy Framework

What was announced

The Government of Canada and the Bank of Canada have released a joint statement on the renewal of the monetary policy framework. The statement was published by the Bank of Canada on 2026-11-05.

Key points

According to the announcement, both the Government and the Bank agree that monetary policy must work to promote the economic and financial well-being of Canadians. They also agree that the best way monetary policy can contribute to this goal is by keeping inflation low, stable and predictable.

The stated reasoning is that stable and predictable inflation protects Canadians from large increases in the cost of living. The excerpt frames price stability as the central contribution monetary policy can make to broader economic and financial well-being.

The material available here covers only this shared position. It does not set out further details of the renewed framework, so readers who want the full terms should consult the complete statement on the Bank of Canada website.

Notes for EA trading

Announcements about central bank frameworks can draw market attention, and liquidity may thin out around major releases. Spreads can widen and price movements can become erratic during such periods. Those running EAs may want to check their spread and slippage settings and consider pausing automated trading around key announcements.