| US$/CAN$ closing rate summary | |||
|---|---|---|---|
| Latest | (2012-02-09) - $0.9956 | ||
| Past 12 months | |||
| High | (2011-10-04) - $1.0549 | ||
| Low | (2011-07-26) - $0.9428 | ||
| From 1950 to present | |||
| High | (2002-01-18) - $1.6125 | ||
| Low | (2007-11-06) - $0.9215 | ||
Senior Deputy Governor Tiff Macklem discusses the importance of pressing ahead with financial reforms despite the weak global recovery.
Governor Mark Carney participated in a panel discussion at the World Economic Forum Annual Meeting.
The Canadian economy is estimated to have grown by 2.4 per cent in 2011, and is projected to grow by 2.0 per cent in 2012, and 2.8 per cent in 2013, returning to full capacity by the third quarter of 2013. Total CPI inflation is expected to return to the 2 per cent target by the 3rd quarter of 2013.
The tables are updated one day after the Bank's most recent announcement date for the target overnight rate, based on information available up to that date.