*  *  *  Today, we released the October Monetary Policy Report, which discusses current economic and financial trends in the context of Canada's inflation-control strategy. The Canadian economy is judged to be operating just above its production capacity.
While global economic growth is expected to be a little higher than previously anticipated, a weaker near-term outlook for the U.S. economy has curbed the near-term prospects for Canadian exports and growth. The Bank's outlook for growth in the Canadian economy has been revised down slightly from that outlined in July's Monetary Policy Report Update.