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change from the bank monetary policy report in April, it no longer stresses risks to low inflation.
Bank of Canada downgrades economy
Growth has resumed, the bank says, but not sufficiently to reverse what has been lost.
As well, it says the economy won return to full capacity until sometime Air Max Thea Blue And Black
rate at one per cent, but now says the economy is growing more slowly than previously thought and will take longer to fully recover.
The Bank of Canada is keeping its trend setting interest Nike Air Max Tavas Infrared
in mid 2016, or two years from now. It was not long ago that the bank assumed the economy would be firing on all cylinders by mid 2015.
For Canada, that means growth of 2.2 per cent this year and 2.4 next, both one tenth of a point less than projected in April.
The dovish report from the central bank is expected to put downward pressure on the loonie, which has been showing signs of Air Max Tavas Anthracite life in recent weeks. following the setback at the start of the year that saw the American economy shrink by 2.9 per cent.
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