The Bank of Canada is right to shoot for low inflation. But is 2 per cent too low?

The Bank of Canada is right to shoot for low inflation. But is 2 per cent too low?

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The 2-per-cent inflation target was not carried down from Mount Sinai, graven onto stone tablets by the finger of God. It came down from Ottawa, after negotiations, in the form of a joint statement from the Bank of Canada and the Department of Finance, printed on recycled paper. Canada was the…

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