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In the last half-year, the economic expansion in Canada has become well established, supported by low inflation, highly stimulative monetary conditions, and a strong U.S. economy.

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The Puffins of Lundy

The coin is part of the National Currency Collection at the Bank of Canada.

Photography by James Zagon.

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Samuel Zimmerman and the Zimmerman Bank

This note is part of the National Currency Collection, Bank of Canada.

Photography by James Zagon.

Since the last Report, the Canadian economy has advanced broadly in line with expectations.

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Japanese oban

Photography by James Zagon.

In 1996 inflation remained within the Bank’s target range but was subject to downward pressure. The low rate of inflation contributed to a major easing in monetary conditions, and interest rates reached their lowest level in 30 years.

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P.N. Breton, Canadian numismatist

The book, pamphlet, and advertising piece shown are part of the National Currency Collection, Bank of Canada.

Photography by James Zagon.

This Report outlines recent developments in the Canadian economy that affect the rate of inflation and provides an account of the measures taken by the Bank of Canada to control inflation.

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1804 Bank of England dollar

This piece is part of the National Currency Collection, Bank of Canada.

Photography by James Zagon.

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Home savings bank: The Northern Bank

The savings bank shown here was issued to account holder 1859 by the Victoria, B.C. branch. It is part of the National Currency Collection, Bank of Canada.

Photography by James Zagon.