In considering the appropriate path for monetary policy, we will be monitoring the extent to which the global slowdown spreads beyond manufacturing and investment. In this context, we will pay close attention to the sources of resilience in the Canadian economy, notably consumer spending and housing activity.
;<8  4       %,2.-#3* 3*  `HH 98C mH HH mH HH mH  n m I JF ` J  GJ  UKM   GI H GH K  FF  H J PVU4KmKGKKHH`HmHGHK`mGK  F 0VG  J  K  H    dOe` `   SY &    184   184  @,S @,Q  R  %,S  @  %,Q  %  Q,S  Q 'ZTSTUTVV%VRVSVUVVQ%QRQSQUQV%%%R%S%U%V@%  Q,Q 'ZQS QU QV %% %R %S %U %V @%  $ (  (  " # / .