June 29, 2006
June 21, 2006
Global Economic Forces and the Need for AdjustmentSince the start of the millennium, developments in the global economy have led to important changes throughout the Canadian economy and to serious challenges for many sectors and regions. Because nobody can anticipate precisely how the world will unfold, the best we can do is to ensure that our economy is as flexible as possible.
June 8, 2006
Floating Dollar, Anchored Inflation: The Role of the Exchange Rate in Canada's Monetary Policy FrameworkThe two key components of the Bank's monetary policy framework are an "anchor," the inflation target, and a "float," the flexible exchange rate. Living by the ocean, you know better than I that a good mooring is one that keeps a boat in place, yet allows some give and take for the wind and the tide.