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- BoC says economy has been "robust", fueled by household spending; significant amount of economic slack has been absorbed
BoC says economy has been "robust", fueled by household spending; significant amount of economic slack has been absorbed
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Raises U.S. 2017 growth forecast to 2.2 pct from 2.1 pct, removes stimulus from expansionary U.S. fiscal policy assumed in earlier forecast
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Elevated geopolitical uncertainty still clouds global outlook, particularly for trade, investment
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Household spending likely to remain solid in months ahead, but pace is expected to slow over projection horizon
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Activity in housing sector has abated, largely as result of sharp declines in resales in toronto and surrounding area
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Growth is broadening across industries, regions and becoming more sustainable; adjustment to lower oil prices is largely complete
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Further adjustments to o/n rate will be guided by incoming data, keeping in mind continued uncertainty, financial system vulnerabilities
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Judges recent softness in inflation to be temporary, sees inflation close to 2 pct by mid-2018
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