000004024 001__ 4024
000004024 003__ CaOOB
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000004024 022__ $$a1201-8783
000004024 040__ $$aCaOOB$$beng$$erda
000004024 041__ $$aeng
000004024 043__ $$an-cn---
000004024 245__ $$aMonetary Policy Report$$bOctober 2006
000004024 264_1 $$aOttawa, Ontario :$$bBank of Canada,$$c2006
000004024 269__ $$a2006
000004024 300__ $$a1 online resource (37 pages)
000004024 336__ $$aText
000004024 337__ $$2rdamedia$$acomputer$$bc
000004024 338__ $$2rdacarrier$$aonline resource$$bcr
000004024 347__ $$atext$$bPDF
000004024 520__ $$aThe Canadian economy continues to operate just above its full production capacity, and the near-term outlook for core inflation has moved slightly higher. However, with the U.S. economy slowing more quickly than expected, the base-case projection for Canadian economic growth has been revised down slightly from that in the July Monetary Policy Report Update. Lower energy prices have led to a downward revision of the projection for total consumer price inflation. They have also contributed to moving the Canadian dollar into a somewhat lower trading range. Although domestic demand in Canada has continued to grow at a robust pace, GDP growth in the second and third quarters of 2006 has been slower than expected, largely because of weaker net exports. A weaker near-term outlook for the U.S. economy has curbed the near-term prospects for Canadian exports and growth. As well, the Bank has lowered its assumption for potential growth to 2.8 per cent for the 2006–08 period, given recent developments in labour productivity. As a result of these factors, the Bank’s base-case projection for Canadian GDP growth has been lowered to 2.8 per cent this year and 2.5 per cent in 2007. But with the U.S. economy projected to recover by the end of 2007, growth should pick up to 2.8 per cent in 2008. Such a profile implies that the small amount of excess demand now in the economy will be eliminated by the second half of 2007 and that the economy will then remain roughly in balance through to the end of the projection period.
000004024 538__ $$aSystem requirements: Adobe Acrobat Reader.
000004024 650_0 $$aMonetary policy$$zCanada.$$aPolitique monétaire$$zCanada.
000004024 7102_ $$aBank of Canada.
000004024 7750_ $$iFrench version$$tRapport sur la politique monétaire : octobre 2006$$w4071
000004024 789__ $$tMonetary Policy Report Summary : October 2006$$eIsSupplementedBy$$2URL$$whttps://www.oar-rao.bank-banque-canada.ca/record/4108
000004024 8301_ $$aMonetary Policy Report
000004024 8564_ $$uhttps://www.oar-rao.bank-banque-canada.ca/record/4024/files/mproct06.pdf$$9748ac4f5-836d-491c-a3ed-1fcd6755225e$$s370359$$zFile Source: Bank of Canada website, 2024
000004024 909CO $$ooai:www.oar-rao.bank-banque-canada.ca:4024$$pbibliographic
000004024 980__ $$aIR
000004024 980__ $$aMonetary Policy Report
000004024 991__ $$aPublic