While part of this can be attributed to adverse weather conditions, there are conflicting signals coming out of the US. Corporate balance sheets appear to be healthy, and the labour market is improving, with the unemployment rate having declined to 6,1 per cent in June 2014 from 7,5 per cent a year ago.
I'll leave time at the end of my remarks for comments and questions. Why volatility matters Central banks value stability. The Bank of Canada's ultimate goal is to contribute to the maximum economic growth that can be sustained over time, and thus to rising living standards for Canadians.