Banking, Commerce and the Economy
Committee Authorized to Study Canada’s Monetary Policy Framework
October 10, 2024
Pursuant to notice of October 1, 2024, moved:
That the Standing Senate Committee on Banking, Commerce and the Economy be authorized to examine and report on Canada’s monetary policy framework, including but not limited to potential updates to the Bank of Canada’s:
(a) legislative and public mandate,
(b) operational inflation target, and
(c) preferred measures of inflation
that may be considered as part of its upcoming monetary policy framework agreement renewal in 2026;
That the Committee report its findings to the Senate from time to time, but no later than June 30, 2025;
That the committee retain all powers necessary to publicize its findings for 180 days after the tabling of the final report; and
That the committee be permitted, notwithstanding usual practices, to deposit reports on this study with the Clerk of the Senate, if the Senate is not then sitting, and that the reports be deemed to have been tabled in the Senate.
Is it your pleasure, honourable senators, to adopt the motion?
Hon. Senators: Agreed.
(Motion agreed to.)
Moved:
That the Senate do now adjourn.
He said: Your Honour, it has been a long day and a long week. Thanksgiving is upon us. Some turkeys are already waiting in the wings. With that, Your Honour, I would respectfully move that the Senate do now adjourn.
Is it your pleasure, honourable senators, to adopt the motion?
Hon. Senators: Agreed.
(Motion agreed to.)
