The Bank has a commitment to contribute to the economic well-being of Canadians. This means that we must conduct monetary policy so that it fosters sustained solid economic growth.
Right now, all national economies face difficulties—difficulties stemming from the further weakening of the world economy and from the terrorist acts in the United States. As businesses, governments, and individuals in Canada—and around the world—strive to come to terms with the implications of those acts, the main preoccupation is, naturally, with the near term.