As the title of the conference suggests, we have seen many boom-and-bust cycles in the commodity sector. This raises one obvious and central question: How can we avoid them in the future?
Good morning, Mr. Chairman and committee members. I am pleased to appear before this committee today to discuss the Bank of Canada’s views on the economy and our monetary policy stance.
Good afternoon, Mr. Chairman and committee members. I am pleased to appear before this committee today to discuss the Bank of Canada’s views on the economy and our monetary policy stance.
The survey results point to an overall easing in business-lending conditions during the first quarter of 2010, following a stabilization of lending conditions in the last quarter of 2009. Both the price and non-price aspects of business lending eased during the first quarter.