January 30, 2008 The year 2007 was marked by sharply increased volatility in financial and foreign exchange markets, and a widening of credit spreads. Despite financial market turbulence, the Canadian economy continued to expand, and inflation remained close to our target of 2 per cent. In this, my final Annual Report message, I begin by reviewing the economic and financial developments and challenges of the past year. I then highlight seven important ongoing challenges faced by Canada and the Bank during my seven years as Governor.
January 24, 2008 The Canadian economy grew broadly in line with the Bank’s expectations in the second half of 2007.
January 15, 2008
The coins form part of the National Currency Collection of the Bank of Canada.
Photography by Gord Carter, Ottawa.
January 14, 2008 Overall, firms remain positive about the outlook, with the results of the winter survey showing little change from those of the autumn survey. Nonetheless, firms reported more uncertainty in light of recent developments, most notably the volatility in the value of the Canadian dollar.