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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.

This Report presents the Bank of Canada’s assessment of the trend of inflation in Canada and explains the monetary policy actions deemed necessary to keep inflation within the Bank’s inflation-control target range.

Text of major 1995 lecture by Bank Governor Gordon Thiessen, plus articles from Bank of Canada Review and other sources

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Danzig: 20-gulden note, 1932

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

Photography by James Zagon.

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Canada, gold Maple Leaf, 1985

The Maple Leaf, which is larger than the circulating dollar coin, is part of the National Currency Collection of the Bank of Canada.

Photography by James Zagon.

This is the second in a series of semi-annual reports designed to increase the transparency and understanding of Canadian monetary policy.