QuickFacts: A look at the Bank of Canada’s shifting economic projections
OTTAWA – The Bank of Canada cut its economic outlook as it dropped its key interest rate to 0.5 per cent. Here is a look at key numbers from the central bank’s April forecast and how they compare with the forecast released Wednesday:
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2015 GDP forecast:
April: 1.9 per cent growth
Wednesday: 1.1 per cent growth
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2016 GDP forecast:
April: 2.5 per cent growth
Wednesday: 2.3 per cent growth
—
2017 GDP forecast:
April: 2 per cent growth
Wednesday: 2.6 per cent growth
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(Source: The Bank of Canada)
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