I find it interesting how the SOLE mandate of the Bank of Canada, with regards to monetary policy, is to keep inflation in a range of 1 to 3% with a target of 2%.

Yet if you read the statement inflation targeting gets only a cursory mention and that is mostly to explain why the Bank of Canada is ignoring inflation in their rate setting decision.

That isn't to say that I think the Bank of Canada is wrong here (more specifically: I think the inflation range should be changed to 0 to 2% with a target of 1%, which would have supported a rate hike), I just find it interesting that they are largely ignoring their mandate, presumably with full support from the government.