Bank of Canada - Annual Report 2006

According to the Bank of Canada's Annual Report 2006, over the past year, global economic forces continued to necessitate considerable adjustment across regions and sectors of the Canadian economy.

"At the same time, variability in energy prices meant some sizable swings in the consumer price index. Inflation moved from a high of 2.8 per cent in January to a low of only 0.7 per cent in September. The core rate of inflation opened 2006 somewhat below 2 per cent, but by the autumn, had moved just

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