Bank of Canada Governor Tiff Macklem, holds a press conference at the Bank of Canada in Ottawa on Oct. 29, 2025. The Canadian Press/Sean Kilpatrick
Bank of Canada Governor Tiff Macklem says the central bank will be maintaining its inflation target of 2 percent as it reviews its monetary framework, but warned global shocks to trade and geopolitical uncertainty could raise inflationary pressures in Canada.
Macklem told the Chamber of Commerce of Metropolitan Montreal on Dec. 16 that the Bank is reviewing and renewing its monetary policy framework with the federal government, which it must do every five years.
