A quarterly report of the Bank of Canada’s Governing Council, presenting the Bank’s base-case projection for inflation and growth in the Canadian economy, and its assessment of risks.
There have been a number of significant economic and financial developments since the time of the July Monetary Policy Report Update.
Economic growth and inflation in Canada in the first half of this year have been stronger than expected in the April Monetary Policy Report.
Growth in the Canadian economy has been essentially in line with the expectations set out in the Bank’s January Monetary Policy Report Update.
The global economy has continued to expand robustly. However, U.S. economic growth slowed in 2006, with the weakness concentrated in the automotive and housing sectors.
