  Prices for most commodities are expected to remain relatively elevated, although at levels below those anticipated in October.   The Bank’s overall outlook for the Canadian economy is little changed from October.
While there was more momentum than anticipated in the second half of 2011, the pace of growth going forward is expected to be more modest than previously envisaged, largely due to the external environment.   Household spending is now projected to grow at a steady pace through 2013.