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Speeches and appearances

  • January 22, 2004

    Release of the Monetary Policy Report Update

    Opening statement David Dodge
    Three developments have led us to modify our outlook for economic growth and inflation in Canada, since our October Monetary Policy Report. These include: stronger-than-expected world economic activity, the continued sharp depreciation of the U.S. dollar against major world currencies (including the Canadian dollar), and a somewhat larger output gap in Canada at the end of 2003.
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