000004015 001__ 4015 000004015 003__ CaOOB 000004015 005__ 20250211163938.0 000004015 022__ $$a1201-8783 000004015 040__ $$aCaOOB$$beng$$erda 000004015 041__ $$aeng 000004015 043__ $$an-cn--- 000004015 245__ $$aMonetary Policy Report$$bApril 2002 000004015 264_1 $$aOttawa, Ontario :$$bBank of Canada,$$c2002 000004015 269__ $$a2002 000004015 300__ $$a1 online resource (31 pages) 000004015 336__ $$aText 000004015 337__ $$2rdamedia$$acomputer$$bc 000004015 338__ $$2rdacarrier$$aonline resource$$bcr 000004015 347__ $$atext$$bPDF 000004015 520__ $$aAt the time of last November’s Monetary Policy Report, two issues dominated the analysis: the global economic slowdown and the fallout from the September terrorist attacks. The Bank’s January 2002 Update described geopolitical developments as having evolved positively and consumer confidence as having improved. The most likely outlook projected for the Canadian economy in the Update was modest growth in the first half of the year, followed by a significant pickup in the pace of activity as the year progressed. The downside risk of sluggish growth persisting throughout 2002 was countered on the upside by the possibility of robust growth early in the year if confidence levels were restored quickly. Recent information indicates that the recovery in the Canadian economy began sooner and has been considerably stronger than anticipated in January. With confidence returning quickly, stimulus from both monetary and fiscal policy has led to strong growth in consumption expenditures and new residential construction. Canadian exports have also been stronger than anticipated, as a result of greater-than-expected growth in the United States. The growth in final sales in the fourth quarter of last year was met largely out of inventories, a situation that is underpinning production in early 2002. 000004015 538__ $$aSystem requirements: Adobe Acrobat Reader. 000004015 650_0 $$aMonetary policy$$zCanada.$$aPolitique monétaire$$zCanada. 000004015 7102_ $$aBank of Canada. 000004015 7750_ $$iFrench version$$tRapport sur la politique monétaire : mai 1999$$w4062 000004015 789__ $$tMonetary Policy Report Summary : April 2002$$eIsSupplementedBy$$2URL$$whttps://www.oar-rao.bank-banque-canada.ca/record/4099 000004015 8301_ $$aMonetary Policy Report 000004015 8564_ $$uhttps://www.oar-rao.bank-banque-canada.ca/record/4015/files/mprapr02.pdf$$957445593-afd0-4dc8-9a14-f915e522e61a$$s234431$$zFile Source: Bank of Canada website, 2024 000004015 909CO $$ooai:www.oar-rao.bank-banque-canada.ca:4015$$pbibliographic 000004015 980__ $$aIR 000004015 980__ $$aMonetary Policy Report 000004015 991__ $$aPublic