TY - GEN AB - Since the last Report, the Canadian economy has advanced broadly in line with expectations. Inflation has remained low, the domestic economy has begun to respond to the substantial degree of monetary ease in place, and the external economic environment has been favourable. With rapidly improving fiscal positions of governments and expectations of continued low inflation underpinning the value of the Canadian dollar, short- and medium-term interest rates have remained appreciably lower than those in the United States. DA - 1997 ID - 4005 KW - Monetary policy KW - Politique monétaire L1 - https://www.oar-rao.bank-banque-canada.ca/record/4005/files/mpr_apr_1997.pdf L2 - https://www.oar-rao.bank-banque-canada.ca/record/4005/files/mpr_apr_1997.pdf L4 - https://www.oar-rao.bank-banque-canada.ca/record/4005/files/mpr_apr_1997.pdf LA - eng LK - https://www.oar-rao.bank-banque-canada.ca/record/4005/files/mpr_apr_1997.pdf N2 - Since the last Report, the Canadian economy has advanced broadly in line with expectations. Inflation has remained low, the domestic economy has begun to respond to the substantial degree of monetary ease in place, and the external economic environment has been favourable. With rapidly improving fiscal positions of governments and expectations of continued low inflation underpinning the value of the Canadian dollar, short- and medium-term interest rates have remained appreciably lower than those in the United States. PY - 1997 SN - 1201-8783 T1 - Monetary Policy ReportMay 1997 TI - Monetary Policy ReportMay 1997 UR - https://www.oar-rao.bank-banque-canada.ca/record/4005/files/mpr_apr_1997.pdf Y1 - 1997 ER -