This helped us to stay on course and provided continuity. I will start by presenting a simplistic model of monetary policy transmission. This is the sequence of events through which central banks’ decisions transmit to economic magnitudes which have an impact on people’s welfare.
Above these images of Canada, we see the northern lights as they would appear if we were in Wood Buffalo National Park, home to the world’s largest dark-sky preserve. Now some of you may be old enough to remember the Centennial bank note produced by the Bank of Canada in 1967. Many people still have some of them tucked away.