WEBVTT

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The Bank of Canada doesn't have

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a great deal of direct influence over a longer term interest rates.

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But we do have firm control over our policy rate

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the target for Canada's overnight interest rate.

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We will continue to conduct an independent

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monetary policy in response to our own

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economic circumstances in order to meet

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our 2 percent inflation target.

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That's our primary mission.

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We have a number of tools at our disposal

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both conventional and unconventional

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to mitigate risks to our inflation target

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or to our financial system, should they arise.