Given this shift, the Board decided that it was not appropriate to extend the yield target to the end of 2024. At our July meeting, we also decided that we would continue purchasing government bonds following the completion of the second $ billion program in early September.
6  For a recent summary of Bank of Canada research, see R. Dion, “Interpreting Canada’s Productivity Performance in the Past Decade: Lessons from Recent Research,” Bank of Canada Review (Summer 2007): 19–32, available at: http://www.bankofcanada.ca/en/review/summer07/dion.pdf; and R. Dion and R. Fay, “Understanding Productivity: A Review of Recent Technical Research,” Bank of Canada Occasional Paper 2008–3, available at: http://www.bankofcanada.ca/en/res/dp/dp(y)_2008.html.