- The lower oil prices would have net negative impact on Canada.
- In January Bank of Canada had a 25-basis-point reduction in the policy interest rate.
- The economy saw no growth in the first quarter.
- Non-energy exports have been doing well.
- Business Outlook Survey shows that capacity constraints are encouraging exporters, promising new investment.
- An annual growth of 1.9 per cent expected this year.
- Inflation as measured by total CPI today is running at about 1.2 per cent, well below the 2 per cent target.
- Yet the CAD is rising. Is it now the North American Safe haven?
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| CAD-USD 2015-04-27: 1 CAD = 0.8261 USD Source: Bank of Canada |
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