Market news
02.04.2012, 17:45

Governor of the Bank of Canada Carney: "Economy is somewhat stronger, will take appropriate action to get 2% inflation target"

 

  • We take "all necessary measures" to achieve the target level of 2% inflation over the medium term

  • Net exports will be limited to a weak external demand, a stable Canadian dollar strength

  • Significant external obstacles "somewhat weak"

  • Canada loses its share of world markets due to excessive dependence on the United States, lack of presence in emerging markets

  • Sustained export strategy can not rely on expectations of more favorable exchange rate

  • Investment companies will be a key source of growth

  • The companies of Canada "extremely healthy" balance

  • It is expected that commodity prices remain elevated

  • The U.S. economy remains on the path of moderate growth

  • The problems in Europe are still far from being resolved, but moved from the "acute" to "chronic"

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