- Sees Q4 growth also at 2.5%
- Annual growth of 2.5% needed to to absorb remaining slack in economy
- Household and government spending adding 1.5 percentage points to GDP
- Net exports and investment must grow about 4% to add 1 percentage point to GDP, added zero last year
- Sees growth strengthening 2014 as rotation to exports and investments gain momentum
- Inflation subdued, monetary policy remains highly stimulative to provide time for export and investment recovery
- See commodity prices stable through 2015, declines in oil offset by gradual rise in non-energy commodities
- Strong C$ lead to loss of exporter competitiveness
- Sees constructive evolution in household imbalances, but says new found prudence in dampening growth
- Mix of Canadian exports likely to provide less of a boost than in past years
Senior deputy governor Tiff Macklem slashing Canadian growth forecasts on Reuters.
USD/CAD taking absolutely no notice but remains at the highs of the day at 1.0334
