The Globe and Mail reports in its Wednesday, Nov. 27, edition that deputy governor Rhys Mendes says the Bank of Canada's aim is to maintain low and stable inflation, not to reduce prices. The Globe's Mark Rendell writes that Mr. Mendes noted that with inflation hitting the bank's 2-per-cent target, worries about price pressures should fade. However, returning prices to prepandemic levels is not feasible. Mr. Mendes told the chamber of commerce in Charlottetown: "The idea of a period of no price gains -- or even price declines -- can sound tempting, particularly after three years of higher-than-normal price increases. But there are tradeoffs and risks involved in trying to push inflation below target, even temporarily. And it may not actually be that easy to accomplish." Mr. Mendes said in response to a question about Donald Trump's tariff proposal: "Now we're still a ways away from inauguration day. ... Once we actually see the specifics of the policies that are enacted, we'll start to incorporate those into our outlook at that point." Mr. Mendes offered few hints about the BOC's next rate decision on Dec. 11, but repeated the position that further cuts are expected if inflation and economic data align with forecasts.