(If I might add a plug, our Web site address is bankofcanada.ca; banqueducanada.ca.) Our audio “Webcasts” of speeches and press conferences by the Governor have been highly successful. They provide the instant access that markets and media want, to what the Bank is saying on monetary policy issues, as we say it.
If they were to remain at their recent high levels, it is to be expected that inflation rates would continue to be higher than previously anticipated and stay above 2% for longer than just a few months ahead. When assessing price trends over the medium term, however, the outlook remains favourable.