I would now like to give you my reading of where the Canadian economy is, where we are headed, and what it all means in terms of the outlook for inflation and monetary policy. BIS Review 8/2000  2  The Canadian economy - recent record and outlook 1999 turned out to be a very good year for Canada.
Our economy rebounded strongly from the global financial crisis of 1997-98 and its negative effects on the prices of the key primary commodities we export. When the numbers for the final quarter of 1999 are out, I expect that they will show that the Canadian economy has expanded by close to 4% since the fourth quarter of 1998.