Agreement on 2% target to run until end of 2011
New note has enhanced security features
Cyclical slowdown mild and likely short-lived
Appointments effective immediately
U.S. downturn will likely affect Ontario more severely than other provinces
Weaker U.S. economy has curbed demand for Canadian exports, Bank of Canada says
Overnight rate remains at 4.25%
Rates to fall as low as 3.25%
Economy forecast to operate at about capacity through 2008
Target for overnight rate remains at 4.25%