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.
The global economy has continued to grow at a robust pace since the July Monetary Policy Report Update.
The update on global and Canadian economic developments presented in this Report highlights three issues.
The global economy has been unfolding largely as expected, and prospects for continued robust growth are quite favourable, especially over the near term.
The adjustment of the Canadian economy to major global developments continues to shape the economic outlook.
