Rock to Road

News
World recovery is becoming entrenched


April 14, 2011
By Alex Carrick | Daily Commercial News

NEWS HIGHLIGHT

World recovery is becoming entrenched
On April 12, to no one’s surprise, the Bank of Canada
(BOC) kept its key policy-setting interest rate – the overnight rate –
steady at 1.00 %. In the press release setting out the rate announcement
there were few variations on the outlook as seen by the BOC versus
earlier assessments.

April 14, 2011 – On April 12, to no one’s surprise, the Bank of Canada (BOC) kept its key policy-setting interest rate – the overnight rate – steady at 1.00%. In the press release setting out the rate announcement there were few variations on the outlook as seen by the BOC versus earlier assessments.

The “real” (i.e., inflation-adjusted) GDP growth forecast by the BOC for this year is +2.9%. That will be followed by GDP change of +2.6% in 2012 and +2.1% in 2013. The latter figure is said to represent potential output after post-recession full-capacity is realized again in mid-2012. | READ MORE

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