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Alberta Wildfires Don’t Force Bank of Canada’s Hand

Written by  Epoch Times Thursday, 26 May 2016 05:00
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OTTAWA—The Bank of Canada believes the devastating Alberta wildfires will severely impact second-quarter economic, but it expects the economy to rebound quickly  thereafter.

The BoC left its key rate unchanged at 0.50 percent, as was widely expected, citing the inflation outlook is in line with its expectations.

Looking through the quarter-to-quarter volatility, the Canadian economy is keeping in line with the central bank’s economic projections in its April Monetary Policy Report (MPR).

Epoch Times

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The honest truth is there is still reluctance around immigration policy... When we want to talk about immigration and we say we want to bring more immigrants in because it's good for the economy, we still get pushback.

-- Canada's economic development minister Navdeep Bains at a Public Policy Forum economic summit

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