Canada may withdraw monetary stimulus if growth remains on track, says Carney


The Canadian economy is growing with sufficient underlying momentum that a withdrawal of the central bank's current monetary stimulus "may become appropriate" should its growth trend continue, Mark Carney, governor of the Bank of Canada and the chairman of the Financial Stability Board (FSB), said in a speech on June 21.

The central bank published projections on April 27 predicting that Canadian GDP would grow by 2.4% in 2012, compared with forecasts the eurozone would contract by 0.6%

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