Bank of Canada – Monetary Policy Report (July 2011)
The Bank of Canada's Monetary Policy Report, published on Wednesday, said the economic expansion in Canada was proceeding largely as expected, although the projected rotation of demand was somewhat slower than had been anticipated.
The report said that while household spending remained solid and business investment robust, net exports remained weak, reflecting modest US demand and ongoing competitiveness challenges, particularly the persistent strength of the Canadian dollar.
The central bank
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