Bank of Canada report forecasts modest rebound in 2012

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The Bank of Canada's Monetary Policy Report published on January 17 said that despite the relatively subdued outlook for global economic growth, Canada's economy is projected to grow by 2% in 2012 and 2.8% in 2013.

The report said that while the economy appeared to be operating with less slack than previously assumed, given the more modest growth profile, it anticipated a return to full capacity by the third quarter of 2013, one quarter earlier than was expected in October. The central bank said

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