Lower growth prospects expected to reinforce Poloz’s strategy of moving very gradually on increases to overnight rate.
Bank of Canada signals it will gradually raise benchmark interest rate from its current level of 1.75% to between 2.5% and 3.5%.
Effect he believes could have implications for inflation outlooks and even interest-rate decisions.
Statistics Canada says core measure above 2% for first time in six years.
What really matters is that inflation averages out over a multi-year period around that benchmark.
They anticipate sales the faster over the next 12 months, stronger overall from increasing US demand.
Strong economy cited, but trade deal uncertainties cast a widening shadow over its outlook.
But the Liberals remain noncommittal about actually starting formal free trade talks.
Break now, fix later strategy for greater concessions or negotiating to fail?
Due to uncertainties, Bank of Canada governor warns there could be more surprises ahead – in “either direction.”
Bank of Canada assessing if the low-interest rate stimulus is still required.
Central bank governor notes periods in which Canada turned inwards that have rarely led to success.
That’s where most of the employment growth has been since late 2014 and wages are above average.
Bank of Canada governor says it’s difficult to know exactly how much infrastructure spending will benefit the economy.
Bank of Canada now projecting real GDP to expand by just 1.1% this year.