Bank of Canada’s monetary policy report offers a more sobering assessment of Canadian economy

While we can be encouraged by recent gains in employment and growth, this is the wrong time to be complacent. We face fundamental challenges for our economic future and both the Bank of Canada and Finance Canada need to do a much better job of addressing them, and being much more candid with the Canadian people.

Finance Minister Bill Morneau, pictured last week on the Hill. The Monetary Policy Report of the Bank of Canada offers a more sobering assessment of the Canadian economy compared to the minister's fiscal update. However, both project an economy growing at 3.1 per cent this year, slowing to just 1.5-1.6 per cent by 2019.The Hill Times photograph by Andrew Meade

Opinion

BY DAVID CRANE

October 30, 2017

TORONTO—Compared to the boastful and self-congratulatory messaging in Finance Minister Bill Morneau’s fiscal update, the Monetary Policy Report of the Bank of Canada offers a more sobering assessment of the Canadian economy. However, both project an economy growing at 3.1 per cent this year, slo...

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