000004020 001__ 4020
000004020 003__ CaOOB
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000004020 040__ $$aCaOOB$$beng$$erda
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000004020 245__ $$aMonetary Policy Report$$bOctober 2004
000004020 264_1 $$aOttawa, Ontario :$$bBank of Canada,$$c2004
000004020 269__ $$a2004
000004020 300__ $$a1 online resource (40 pages)
000004020 336__ $$aText
000004020 337__ $$2rdamedia$$acomputer$$bc
000004020 338__ $$2rdacarrier$$aonline resource$$bcr
000004020 347__ $$atext$$bPDF
000004020 520__ $$aThe Canadian economy continues to adjust to major global developments. These include a marked recovery in world economic growth and an associated increase in commodity prices; the growing global presence of major emerging-market economies such as China and India; and a realignment of world currencies, including the Canadian dollar. Canadian monetary policy is facilitating the adjustment by aiming to keep inflation at its 2 per cent target and the economy operating near its production capacity. Early in the year, with core inflation below target and excess supply in the economy, the Bank lowered its target for the overnight interest rate to 2 per cent to support growth in domestic demand. Given the appreciation of the Canadian dollar in 2003, the Bank did not expect net exports (the difference between exports and imports) to make a material contribution to growth in aggregate demand in 2004 and 2005. But, in fact, in the first half of this year, exports grew much more vigorously than anticipated. As a result, the Canadian economy has moved up near its production capacity sooner than was projected in either the April Monetary Policy Report or the July Update.
000004020 538__ $$aSystem requirements: Adobe Acrobat Reader.
000004020 650_0 $$aMonetary policy$$zCanada.$$aPolitique monétaire$$zCanada.
000004020 7102_ $$aBank of Canada.
000004020 7750_ $$iFrench version$$tRapport sur la politique monétaire : mai 2000$$w4067
000004020 789__ $$tMonetary Policy Report Summary : October 2004$$eIsSupplementedBy$$2URL$$whttps://www.oar-rao.bank-banque-canada.ca/record/4104
000004020 8301_ $$aMonetary Policy Report
000004020 8564_ $$uhttps://www.oar-rao.bank-banque-canada.ca/record/4020/files/mproct04.pdf$$95c15dd54-1a9a-4f79-8121-8beb7aa9288f$$s341282$$zFile Source: Bank of Canada website, 2024
000004020 909CO $$ooai:www.oar-rao.bank-banque-canada.ca:4020$$pbibliographic
000004020 980__ $$aIR
000004020 980__ $$aMonetary Policy Report
000004020 991__ $$aPublic