Bank of Canada Monetary Policy Report Update

REPORT - The Bank of Canada has released its Update to the November Monetary Policy Report, in which it discusses economic and financial trends in the context of Canada's inflation-control strategy, 23 January.

While robust growth is not yet underway, geopolitical developments have evolved positively, and consumer confidence has improved. Thus, the likelihood that economic growth in 2002 will strengthen as the year progresses has increased. Business confidence, however, remains weak in many

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