Bank of Canada Monetary Policy Report Update

The Bank of Canada released its January 2006 Monetary Policy Report Update on 26 January. The Canadian and world economies are evolving essentially in line with the Bank's expectations, and the outlook for growth and inflation in Canada is similar to that in the October MPR.

"Canada's economy continues to adjust to global developments and to the associated changes in relative prices. The Bank continues to judge that the Canadian economy is operating at its production capacity and will grow

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