The Bank expects that the economy will return gradually to full production capacity, around the end of 2015. •  Inflation in Canada has remained low in recent months. This reflects the significant slack in the economy, heightened competition in the retail sector, and some other sector-specific factors.
•  With larger and more persistent excess supply in the economy, both total CPI and core inflation are expected to return more gradually to 2 per cent, around the end of 2015.