Bank of Canada
Demand remains weak overall, but there are some signs of returning optimism, as indicators of business conditions, sales outlooks and employment intentions have changed direction after many quarters of decline. Businesses are moderating their investment plans in response to high borrowing costs
Central Bank stays put in march
On 6 March, the Bank of Canada (BOC) left the target for the overnight rate at 5.00%, and announced it was continuing to reduce the stock of outstanding government bonds.
The Bank judged that it was premature to begin monetary easing, as headline inflation is still close to the top of the Bank’s 1.0%–3.0% target range.
O.E.C.D. Forecast for Canada
Canada’s productivity growth continues to underperform leading OECD countries. Differences in provincial regulation of markets for goods, services and labour obstruct internal trade and hinder business activity.