Tonight is not the occasion to elaborate on this at length, but perhaps you will allow me to share the following reflections with you. Developments in these areas have brought great benefits and have the potential to lead to significant additional welfare gains in the years ahead, not least in Europe.
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.