000004028 001__ 4028 000004028 003__ CaOOB 000004028 005__ 20250211163939.0 000004028 022__ $$a1201-8783 000004028 022__ $$a1490-1234 000004028 040__ $$aCaOOB$$beng$$erda 000004028 041__ $$aeng 000004028 043__ $$an-cn--- 000004028 245__ $$aMonetary Policy Report$$bOctober 2008 000004028 264_1 $$aOttawa, Ontario :$$bBank of Canada,$$c2008 000004028 269__ $$a2008 000004028 300__ $$a1 online resource (34 pages) 000004028 336__ $$aText 000004028 337__ $$2rdamedia$$acomputer$$bc 000004028 338__ $$2rdacarrier$$aonline resource$$bcr 000004028 347__ $$atext$$bPDF 000004028 520__ $$aThree major interrelated global developments are having a profound impact on the Canadian economy and making the outlook more uncertain than it was at the time of the July Monetary Policy Report Update. First and foremost, the intensification of the global financial crisis in recent weeks has been reflected in severe strains in global money and credit markets and sharp falls and extreme volatility in global equity markets. The associated need for the global banking sector to continue to reduce leverage will restrain growth for some time. Second, there is growing evidence that the global economy is heading into a mild recession, led by a U.S. economy that is already in recession and expected to pick up only modestly through 2009. Third, there have been sharp declines in the prices of many commodities since the July Update. These developments have reduced inflationary pressures globally. 000004028 538__ $$aSystem requirements: Adobe Acrobat Reader. 000004028 650_0 $$aMonetary policy$$zCanada.$$aPolitique monétaire$$zCanada. 000004028 7102_ $$aBank of Canada. 000004028 7750_ $$iFrench version$$tRapport sur la politique monétaire : octobre 2008$$w4075 000004028 789__ $$tMonetary Policy Report Summary : October 2008$$eIsSupplementedBy$$2URL$$whttps://www.oar-rao.bank-banque-canada.ca/record/4112 000004028 8301_ $$aMonetary Policy Report 000004028 8564_ $$uhttps://www.oar-rao.bank-banque-canada.ca/record/4028/files/mpr231008.pdf$$984c8e772-8239-48a7-bc37-10fa2ae35717$$s1567388$$zFile Source: Bank of Canada website, 2024 000004028 909CO $$ooai:www.oar-rao.bank-banque-canada.ca:4028$$pbibliographic 000004028 980__ $$aIR 000004028 980__ $$aMonetary Policy Report 000004028 991__ $$aPublic