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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.

Cover page

Mauritius, 10 rupees, 1971

Slightly smaller than a Canadian silver dollar and struck in copper-nickel, the coin shown on the cover is part of of the National Currency Collection of the Bank of Canada.

Photography by James Zagon.

Cover page

France: 1,000 francs, 1944

The 1,000 franc note is part of the National Currency Collection, Bank of Canada.

Photography by James Zagon.

This is the first in a series of semi-annual reports by the Bank of Canada on Canadian monetary policy.

Cover page Canada: sovereign die, 1908 The die is part of the National Currency Collection, Bank of Canada. Photography by James Zagon.

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Canada: The Phenix Bank, one dollar, 1837

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

Photography by James Zagon.