July 18, 2012
A quarterly report of the Bank of Canada’s Governing Council, presenting the Bank’s base-case projection for inflation and growth in the Canadian economy, and its assessment of risks.
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Latest Monetary Policy Reports
April 18, 2012
The Bank projects the Canadian economy will grow by 2.4 per cent in 2012 and 2013 before moderating to 2.2 per cent in 2014. The economy is now expected to return to full capacity in the first half of 2013.
Monetary Policy Report – April 2012
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Publications,
Monetary Policy Report
January 18, 2012
The Canadian economy is estimated to have grown by 2.4 per cent in 2011, and is projected to grow by 2.0 per cent in 2012, and 2.8 per cent in 2013, returning to full capacity by the third quarter of 2013. Total CPI inflation is expected to return to the 2 per cent target by the 3rd quarter of 2013.
Monetary Policy Report – January 2012
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Publications,
Monetary Policy Report
October 26, 2011
The Bank projects that the economy will expand by 2.1 per cent in 2011, 1.9 per cent in 2012 and 2.9 per cent in 2013. Total CPI inflation is expected to trough around 1 per cent by the middle of 2012.
Monetary Policy Report – October 2011
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Publications,
Monetary Policy Report
July 20, 2011
The Canadian economy is projected to expand by 2.8 per cent in 2011, 2.6 per cent in 2012, and 2.1 per cent in 2013, returning to capacity in the middle of 2012. Total CPI inflation is expected to return to the 2 per cent target by the middle of 2012.
Monetary Policy Report – July 2011
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Publications,
Monetary Policy Report
April 13, 2011
This is a report of the Governing Council of the Bank of Canada: Mark Carney, Tiff Macklem, John Murray, Timothy Lane, Jean Boivin and Agathe Côté. It presents the Bank’s outlook based on data received up to 8 April 2011.
Monetary Policy Report – April 2011
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Publications,
Monetary Policy Report
January 19, 2011
This is a report of the Governing Council of the Bank of Canada: Mark Carney, Tiff Macklem, John Murray, Timothy Lane, Jean Boivin and Agathe Côté. It presents the Bank’s outlook based on data received up to 14 January 2011.
Monetary Policy Report – January 2011
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Publications,
Monetary Policy Report
October 20, 2010
The global economic recovery is entering a new phase. In advanced economies, temporary factors supporting growth in 2010 - such as the inventory cycle and pent-up demand - have largely run their course and fiscal stimulus will shift to fiscal consolidation over the projection horizon.
Monetary Policy Report – October 2010
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Publications,
Monetary Policy Report
July 22, 2010
The global economic recovery is proceeding but is not yet self-sustaining. Greater emphasis on balance sheet repair by households, banks, and governments in a number of advanced economies is expected to temper the pace of global growth relative to the Bank’s outlook in April.
Monetary Policy Report – July 2010
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Publications,
Monetary Policy Report
April 22, 2010
Global economic growth has been somewhat stronger than projected, with momentum in emerging-market economies increasing noticeably.
Monetary Policy Report – April 2010
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Publications,
Monetary Policy Report