SPEECH - In the speech 'Monetary Policy: Meeting the Challenges of an Uncertain World' David Dodge of the Bank of Canada said that Canada's macroeconomic policy framework is protecting the economy from both persistently high inflation and the threat of deflation. He also said recent rates of inflation in Canada have been higher than expected. At the same time, other countries are seeing weak demand and declines in some goods prices, which has triggered fears of deflation.

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