The slowdown in final domestic demand growth from 4.0 percent in 2000 to 2.2 percent in 2001 partly reflected declining business investment, especially in machinery and equipment, after a sharp increase in 2000. The retrenchment was severe in telecommunications and industrial equipment. Growth in non-residential structures slowed to less than 1 percent from over 5 percent in 2000. And inventory disinvestment contributed to the slowdown. Residential investment, on the other hand, surged, spurred on by declining interest rates during the year.

The Bank of Canada has continued with the system of eight "fixed" or pre-specified dates each year for announcing changes to the bank rate and the target for the overnight rate. This system was adopted at the end of 2000 and replaced the previous approach in which the bank rate could be adjusted on any business day. The bank says that, in general, fixed dates will increase the Bank’s transparency, accountability, and dialogue with the public.

Canada for the British is noticeably more British than the USA. The English language differences are less, measurements are metric, and the Queen is on the money. Quebec is French speaking, out of the tourist spots and large cities you will encounter people who do not speak English. All of Canadian government information is bilingual.

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