Bank of Canada Monetary Policy Report, Oct 2006

The Bank of Canada released its October 2006 Monetary Policy Report on 19 October. The latest report says the Canadian economy is judged to be operating just above its production capacity.

"While global economic growth is expected to be a little higher than previously anticipated, a weaker near-term outlook for the U.S. economy has curbed the near-term prospects for Canadian exports and growth," the report says.

"The Bank's outlook for growth in the Canadian economy has been revised down slightly

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