Factors affecting monetary policy in Canada.

http://www.bloomberg.com/news/2013-04-21/carney-says-next-canada-rate-move-needs-above-2-growth.html

     The article above looks at the last report of the central bank of Canada while under management by its current Governor (Mark Carney). He is moving from this position to take up a position of governor of the bank of England. In this article, he outlines varying monetary policy responses that the Central Bank plans that will help Canada manage certain current conditions or deal with future fluctuations.
     The Central Bank of Canada has maintained low interest rates and would only be increasing this based on a sustained growth in the economy (a sign of recovery). This is similar to monetary policy in America where the federal reserve is also looking for a sign of recovery (sustained job creation) before increasing interest rates. He also mentions how monetary policy decisions are not made by only one man (the governor of the central bank or president of the federal reserve) but are made by groups of economists and analysts.
Overall the article highlights the different policy models used across governments (active, passive, rule and discretion).