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Information received since the last Monetary Policy Report continues to show solid economic growth in the United States, Europe, and the emerging markets.

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Early French Scale

The pieces featured on our cover form part of the National Currency Collection, Bank of Canada.

Photography by James Zagon.

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A Seventeenth-Century Collector's Guide

This volume, as well as the coins, forms part of the National Currency Collection, Bank of Canada, which, in addition to its numismatic holdings, also houses a reference library of more than 8,000 books, pamphlets, periodicals, and catalogues about money and banking.

Photography by James Zagon.

The global economy has shown greater strength than was anticipated at the time of the November Report.

Information received since the last Monetary Policy Report, released on 17 November, points to a stronger pace of economic expansion in the United States and Europe than was expected at that time, and confirms the hesitant nature of the recovery in Japan.

The Canadian economy regained strong momentum in 1999 as the U.S. economy remained vigorous, the global economy recovered, and commodity prices moved upwards.

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Coins from Y1K

The largest of these coins is about the size of a twenty-five cent piece. They form part of the National Currency Collection, Bank of Canada.

Photography by James Zagon.

Since the May Report, the international economic environment has continued to improve. Economic activity abroad grew faster than expected, while inflation in the major economies remained subdued.

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Canadian dairy tokens

These tokens are part of the National Currency Collection at the Bank of Canada.

Photography by James Zagon.

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William Weir and the Silver Nuisance

The teapot is 10¼ inches high and 9½ inches wide and is part of the National Currency Collection at the Bank of Canada.

Photography by James Zagon.