Wednesday, April 16, 2014

Bank of Canada's policy statement

 The Bank of Canada's policy statement steps up its emphasis on needing to see a shift to exports and business spending, and away from consumption as Canada's key growth drivers. It says the gradual strengthening in the fundamental drivers of growth and inflation it expects "hinges critically on the projected upturn in exports and investment." The central bank is also still concerned about inflation missing on the downside and how risks associated with household finances "remain elevated."