Source: Bank of Canada  Last observation: 2022Q2  Against this backdrop, a lot of discussion involves what monetary policy should do to minimize the risk that inflation expectations will drift persistently above our target.
Third, comfortable external payments position. Based on the latest estimates, the country is expected to post a $ billion surplus in its balance of payments this year. Thanks to solid foreign exchange inflows in the capital and financial account, the deficit in the current account is more than adequately covered.