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- BoC says will "remain cautious in considering future policy adjustments", guided by incoming data
BoC says will "remain cautious in considering future policy adjustments", guided by incoming data
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Consumption, residential investment have been stronger than anticipated; expected to contribute less to growth going forward
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Benefits of higher commodity prices being diluted by wider spreads between benchmark world, canadian oil prices
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Core inflation measures have edged up, consistent with diminishing slack in economy
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Labor market slack being absorbed more quickly than anticipated; wages still rising by less than typical
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Raises 2018 average annual inflation forecast to 2.0 pct from 1.7 pct, holds 2019 at 2.1 pct
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Holds q4 growth forecast at 2.5 pct, sees q1 growth 2.5 pct; raises 2018 to 2.2 pct from 2.1 pct, 2019 to 1.6 pct from 1.5 pct
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Uncertainty about future of NAFTA "weighing increasingly" on the outlook; trade-policy uncertainty to reduce level of business investment by 2 pct by end-2019
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BoC sees small benefit to Canada from stronger U.S. demand due to recent tax changes
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