Monetary Policy and Alberta

Paper Summary:

This paper examines the monetary policy of the Bank of Canada (BoC), explaining that it clearly believes in the importance of integrating and managing the Canadian economy vis-a-vis its integrated relationship with the global economic framework. The paper explains that the BoC's policy towards economic and currency management is centered on balancing its internal economic attributes; i.e. inflation, with those of its externally related economic functions; i.e. its exchange rate. The BoC has identified energy, and specifically petroleum, as central to both internal and external economic health and discusses its role in this regard at length.

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