Balancing the Bank of Canada’s Independence and Accountability Act

An Act to amend the Bank of Canada Act (mandate, monetary policy governance and accountability)

Status

Second reading (Senate), as of April 11, 2024

Subscribe to a feed (what's a feed?) of speeches and votes in the House related to Bill S-275.

Summary

This is from the published bill. The Library of Parliament often publishes better independent summaries.

This enactment amends the Bank of Canada Act to clarify the Bank’s mandate, define the objectives of monetary policy, and establish a monetary policy committee while specifying that committee's duties in order to better balance the Bank’s independence with its accountability to Canadians.
It also sets out assessment and transparency requirements and provides for an agreement between the Bank and the Government of Canada respecting monetary policy.

Elsewhere

All sorts of information on this bill is available at LEGISinfo, an excellent resource from the Library of Parliament. You can also read the full text of the bill.