We must consider serious, structural changes for the Bank of Canada

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Open this photo in gallery: People pass the Bank of Canada while travelling along Wellington Street in Ottawa on Oct. 23, 2023.Sean Kilpatrick/The Canadian Press Claude Lavoie was director-general of economic studies and policy analysis at the Department of Finance from 2008 to 2023. He has also represented Canada at OECD meetings. The current monetary policy framework agreement between the government and the Bank of Canada, which lays out the mandate of the central bank, is set to expire at the end of 2026. Some important structural changes should be contemplated for the next agreement, given the continued importance of...