Central bank ditches economic rebound prediction
Globe and Mail
March 14, 2009
HORSHAM, England — The Bank of Canada seems to have ditched its prediction for a made-in-Canada economic rebound next year.
Speaking to reporters at the Group of 20 finance ministers meeting in Horsham, Bank of Canada Governor Mark Carney hinted strongly that his last forecast for 3.8 per cent growth in 2010 is no longer valid. “Clearly the risks are breaking to the downside,” he said, referring to the string of grim Canadian and international growth data in recent weeks.
Saturday, March 14, 2009
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