Firstly, with regard to our Canadian economic predictions, we underscored the fact that there was probably an advancement of household spending, that had a major impact on the final quarter of last year and the first quarter of this year. That was followed by a progressive slowdown of our level of activity in Canada. As for our monetary policy and its orientation, the objective is clear, namely the attainment of our 2% inflation target for the overall CPI. The Bank of Canada will manage its policy in such a way as to reach this target. Lastly, there are serious risks, both upward and downward, that can impact on the level of activity, the growth rate and the inflation rate in Canada. The Bank of Canada will react appropriately to these impacts.
On April 27th, 2010. See this statement in context.