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June 13, 2007

Demographics, Labour Input, and Economic Potential: Implications for Monetary Policy

Remarks David Dodge St. John's Board of Trade St. John's, Newfoundland and Labrador
Over the years, we at the Bank of Canada have learned that the best contribution that monetary policy can make to the economic welfare of Canadians is to keep inflation low, stable, and predictable. We try to keep the annual increase in consumer price inflation at 2 per cent, which is the middle of a 1 to 3 per cent inflation-control range.
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