000004016 001__ 4016 000004016 003__ CaOOB 000004016 005__ 20250211163938.0 000004016 022__ $$a1201-8783 000004016 040__ $$aCaOOB$$beng$$erda 000004016 041__ $$aeng 000004016 043__ $$an-cn--- 000004016 245__ $$aMonetary Policy Report$$bOctober 2002 000004016 264_1 $$aOttawa, Ontario :$$bBank of Canada,$$c2002 000004016 269__ $$a2002 000004016 300__ $$a1 online resource (31 pages) 000004016 336__ $$aText 000004016 337__ $$2rdamedia$$acomputer$$bc 000004016 338__ $$2rdacarrier$$aonline resource$$bcr 000004016 347__ $$atext$$bPDF 000004016 520__ $$aOver the past year, Canada’s economy has outperformed the economies of virtually all the other major industrial countries. The Canadian economy has been expanding at a rate above its growth potential, with levels of activity now close to full production capacity, and there have been remarkable gains in employment. Core inflation has averaged somewhat higher than the Bank of Canada’s 2 per cent target. In these circumstances, monetary policy has been directed towards reducing the substantial amount of monetary stimulus in a timely and measured way. While our domestic economy has enjoyed strong growth, the global economic recovery has been proceeding at a slower pace than anticipated. Since the last Monetary Policy Report, economic, financial, and geopolitical developments have contributed to a more moderate and less certain outlook for global economic growth. These developments include further adjustments in response to past excesses in capital spending, declines in equity prices, rising risk premiums, concerns about corporate governance and financial reporting, geopolitical developments in the Middle East, and concerns about the situation in several Latin American countries. 000004016 538__ $$aSystem requirements: Adobe Acrobat Reader. 000004016 650_0 $$aMonetary policy$$zCanada.$$aPolitique monétaire$$zCanada. 000004016 7102_ $$aBank of Canada. 000004016 7750_ $$iFrench version$$tRapport sur la politique monétaire : octobre 2002$$w4063 000004016 789__ $$tMonetary Policy Report Summary : October 2002$$eIsSupplementedBy$$2URL$$whttps://www.oar-rao.bank-banque-canada.ca/record/4100 000004016 8301_ $$aMonetary Policy Report 000004016 8564_ $$uhttps://www.oar-rao.bank-banque-canada.ca/record/4016/files/mproct02.pdf$$9f2a988a8-1156-420c-889b-82fcdd4673af$$s229867$$zFile Source: Bank of Canada website, 2024 000004016 909CO $$ooai:www.oar-rao.bank-banque-canada.ca:4016$$pbibliographic 000004016 980__ $$aIR 000004016 980__ $$aMonetary Policy Report 000004016 991__ $$aPublic