The discovery of diamond  BIS central bankers’ speeches  1  deposits, immediately following independence from Great Britain, clearly played a pivotal role in the transformation, but the role of minerals is only part of the story.
The Bank of Canada believes that keeping inflation low, stable, and predictable is the best contribution monetary policy can make to strong and sustained growth in Canada. We run monetary policy in a symmetrical way. That is to say, we pay equal attention to persistent pressures that could move us away from our 2 per cent target - whether above or below.