Bank of Canada Predicts Growth to resume this quarter

This is the latest news release from the Bank of Canada

• Global economic activity appears to be nearing its trough, and there are increasing signs that activity has begun to expand in many countries in response to monetary and fiscal policy stimulus and measures to stabilize the global financial system.
• However, this recovery is nascent. To sustain global growth, effective and resolute policy implementation remains critical.
• The Bank has long expected that economic growth in Canada would resume in the second half of this year and pick up in 2010. Indeed, growth in Canada should resume this quarter. The dynamics of the recovery projected in today's MPR are broadly consistent with the Bank's medium-term outlook in April. Read the rest of this entry »