The Bank of Canada uses interest rates to keep inflation under control. Since 1990, they have managed to keep it near the target of 1-3%. Their article “Price Check: Inflation in Canada” touches on how inflation measures the bigger picture, the problems associated with high and low inflation, what happens over time and why it’s best to keep it predictable. Recently, unpredictable events have had unpredictable effects on inflation and we will cover it soon