TY - GEN AB - Growth in the global economy began to slow in the fourth quarter of 2007 and the first quarter of 2008. This reflected the effects of the slowdown in the U.S. economy and ongoing dislocations in global financial markets. Growth in the Canadian economy has also moderated. Strong domestic demand has been largely offset by sharply reduced net exports. Both total and core CPI inflation were running at about 1.5 per cent at the end of the first quarter, but the underlying trend of inflation is judged to be about 2 per cent, consistent with an economy that was operating just above its production capacity. DA - 2008 ID - 4027 KW - Monetary policy KW - Politique monétaire L1 - https://www.oar-rao.bank-banque-canada.ca/record/4027/files/mpr240408.pdf L2 - https://www.oar-rao.bank-banque-canada.ca/record/4027/files/mpr240408.pdf L4 - https://www.oar-rao.bank-banque-canada.ca/record/4027/files/mpr240408.pdf LA - eng LK - https://www.oar-rao.bank-banque-canada.ca/record/4027/files/mpr240408.pdf N2 - Growth in the global economy began to slow in the fourth quarter of 2007 and the first quarter of 2008. This reflected the effects of the slowdown in the U.S. economy and ongoing dislocations in global financial markets. Growth in the Canadian economy has also moderated. Strong domestic demand has been largely offset by sharply reduced net exports. Both total and core CPI inflation were running at about 1.5 per cent at the end of the first quarter, but the underlying trend of inflation is judged to be about 2 per cent, consistent with an economy that was operating just above its production capacity. PY - 2008 SN - 1201-8783 SN - 1490-1234 T1 - Monetary Policy ReportApril 2008 TI - Monetary Policy ReportApril 2008 UR - https://www.oar-rao.bank-banque-canada.ca/record/4027/files/mpr240408.pdf Y1 - 2008 ER -