Today, Senior Deputy Governor Wilkins and I are pleased to be here as part of your study of the government’s response to the COVID 19 pandemic. We particularly look forward to your questions and feedback on the foremost concerns of Canadians at this very difficult time.
Thus, the rate of increase in the CPI is likely to reach around 2 percent – the price stability target – around the middle of the projection period, which is from fiscal 2014 through fiscal 2016.