Any such changes are explained in the Monetary Policy Report. For more detail, see R. Beard, A.-K. Cormier, M. Francis, K. Gribbin, J.-D. Guénette, C. Hajzler, K. Hess, J. Ketcheson, K. Mo, L. Poirier and P. Selcuk, “Assessing Global Potential Output Growth: April 2018,” Bank of Canada Staff Analytical Note No. 2018-9 (April 2018).
xi In our 2018 reassessment, we project that potential output growth will be 1.8 per cent from 2018 to 2020 before inching up to 1.9 per cent in 2021—while showing each year’s projection as the midpoint of a range. For 2018, the range is plus or minus 0.3 percentage points, while for 2021 it is plus or minus 0.6 percentage points.