Meeting the challenge will involve all Canadians: employees, business owners, researchers, policy-makers, inventors, and entrepreneurs. It will require creativity, adaptive learning, and innovation. The Bank has an important role to play. By achieving the inflation target, and by working to make the financial system more stable and efficient, it is contributing to the recovery that will take hold over the medium term.
Figures through November 2022 are monthly averages, while the figure for December 2022 is the average for December 1-22. Figures for forward month futures prices are those as of December 22, 2022. Sources: Ministry of Internal Affairs and Communications; Bank of Japan; Bloomberg. I.