Dodge on the Canadian economy

In a speech given on 2 May David Dodge of the Bank of Canada said domestic demand is likely to continue to be the main driver of growth in Canada.

"With the U.S. slowdown now expected to be somewhat more prolonged than previously projected, net exports should exert a slightly greater drag on Canada's growth in 2007," Dodge said.

"The Canadian economy is now projected to grow by 2.2 per cent in 2007 and 2.7 per cent in both 2008 and 2009. This would return the economy to its production capacity in

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