While we expect to remain inside the target range until the end of 2012, our most recent forecast, showing CPI averaging 5,7 per cent for 2012, indicates that the room to manoeuvre is becoming less.
*  *  *  Today, we released our October Monetary Policy Report, in which we discuss economic and financial trends in the context of Canada's inflation-control strategy. The Canadian economy has been expanding strongly so far this year and is now operating fairly close to its full production capacity.