BoC: Canadians Concerned

Canadians across all communities visited expressed concern about the cost of living Stakeholders broadly supported the Bank of Canada's flexible inflation-targeting framework and the 2% inflation target Disconnect between official inflation data and Canadians' day-to-day experiences has weakened trust in the CPI and, by extension, the Bank of Canada Private-sector economists argued the BoC has relied on too many core inflation measures over the past decade and should place greater emphasis on headline inflation Community participants expressed a clear desire for action to address Canada's housing crisis Younger participants reported they had given up on the prospect of owning a home